Forexlive American FX new wrap: Yellen reiterates December is a Live meeting

Discussion in 'Market News' started by ForexLive, Nov 4, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Forex news for US trading on November 4, 2015 Janet Yellen was testifying in Washington on banking regulation but was able to get a few comments in on monetary policy and the economy. It is not so much what she said was anything new, it is more that the market believes that she is not necessarily crying wolf. She really means that the Fed may act in December. The proof is that the market increased the probability of a hike. That helped the dollar move higher.

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