She told - They feel.... economy will be stronger.... I could feel I will be like Arnold Schwarzenegger...

Overall the statement certainly wasn't that dovish. I think this is US dollar positive.

Particularly important was the statement about core inflation being affected by a couple of these "one-off reductions". Significantly lower wireless telephone prices as well as lower prescription drug prices. These two apparently had a significant impact on the latest core inflation reading. These will drop out of the calculation heading into next year.

But, more importantly she acknowledged that the latest reading for core inflation wasn't as much of a concern as most traders here at FF think it was.

Imho, I think her statement is going to lead to a bit of a dollar rally for the rest of June. Not because I think the US economy is truly that strong compared to the rest of the world but because the general direction of future interest rates is upwards unlike many of the other major economies around the world.

Just my 2 cents

Fed's Yellen says economy has continued to make progress toward goals. Continue to expect gradual rate hikes warranted.

Some people think US economy is not too good, however, it is not too bad either (at least not as bad as some countries in Euro). If Fed don't raise rate when the economy is "not too bad" and at a time when USD got hammered even right up to the last second when the rate hike is announced, when is a better time to raise rate? When USD is on a strong trend? This is the _perfect_ environment for Fed to raise rate. They got their rate raised as well as USD don't appreciate. What perfect combination. The dream situation for any central bankers. In a way, Fed has got Trump to thank for keeping USD down. And they will continue with their rate hike as long as USD don't run away rocket to the sky.

The EU economy is not too bad, compared to some of the states in US.

Don't mind me, just repeating your argument at you to see how silly it is

What EU not bad what economy what S***

The market is not moving normally!!

USD interest rate 1.25% Euro 0% and still EU 1.12!!!

Even if if if if ECB raise rates gradually in 2 years, FED already started so... by then USD will be way ahead and Eurozone is a sinking ship anyways....

USD will soon exceed yielding currencies in % so who are the smarta** that will put their money in others rather than USD👍

Let's see how traders in Asia react to this before I trade either positive or negative

here we are interest rate rise and we sitting on our hands in Australia cant believe RBA is useless as our prime minister turdbull

One thing is clear for Gold - it is going down - and I reckon up to 11000 points lower (but this of course is a first estimate).

The Crow (-_-)

it has yet to go a long way. Interest Rate in the United States averaged 5.79 percent from 1971 until 2017, reaching an all time high of 20 percent in March of 1980 and a record low of 0.25 percent in December of 2008.

If gold goes down then use goes up

Yes we are generally in a fixed exchange rate an inverse of the ir differentials and expectations from inflation figure, below is a graph with USDJPY indexed at 110 and the differentials for inflation and IR indexed at the rate in 200 not a perfect match seeming as the IR starts at a different point to the exchange rate, but close enough to show the very direct link between ir-Ir1/irx-irx-1 and USDJPY rate/110-1

also QE lowered the rates of government debt, so even though US debt climbed the interest payments stayed the same, so if they let the IR rise the debt payments will eat into the budget well above the 7% interest payments already take out of fiscal spending atm. SO really a double edged sword when you realise 7% is transportation + education so as the debt rises you start loosing new schools and roads what not something that wont be obvious in the cost , but will by my calculations half the growth rate of the US economy so its a double edged sword I cant see any country getting out of debt unless they reaLISE THEY CANT AFFORD THE INTEREST RATE AND 0%.

If they really did the QT or quantitative tightening this year later, it will be bullish USD but it might be the last candle of light for USD. Perhaps around 3 years after that USD will be bearish since it has reached the peak already. For now, buy USD.