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Fed not likely to reverse course on rate hikes

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stock markets ended lower on Wednesday as Federal Reserve Chair Janet Yellen said she didn’t expect the central bank would refrain from implementing the rate hikes this year. At the same time she acknowledged higher risks for global growth prospects pointing to less supportive financial conditions and uncertainty about China. The testimony was largely in line with expectations, although the Fed Chair was a bit more cautious about US economy’s outlook than in previous statements and indicated

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