Is a current hit for Nevada, featuring Mark Morrison and Fetty Wap.
Just when you thought, the dollar is dead, from out of the blue, here comes the return of the dollar MACK, thanks to the head of the US Federal Reserve. Read Below :
The US Dollar and Treasury yields rose sharply following comments from Fed Chair Janet Yellen as she weighed the progress made on the FOMC’s dual mandate. In her comments, she echoed sentiments from other Fed members suggesting that the economy is close to full employment and that inflation is progressing towards the bank’s 2 percent goal.
With regards to rate hikes she refrained from providing exact dates, but did note that she and her colleagues did “expect a few rate hikes a year” (presumably setting a pace beyond the current year as well). In traditional Fed fashion she reiterated the importance of economic data in determining the timing of future rate hikes and policy adjustments. In one point of caution, Chair Yellen did note that wage growth was “fairly low” in her opinion.
The rest of this week will feature more commentary from Madame Chair Yellen along with a number of her colleagues. The central bank head gives a speech at Stanford on Thursday at 01:00 GMT. On Friday - the day of the presidential inauguration - Fed’s Harker and Williams will speak in New Jersey and San Francisco, respectively.
