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Yellen confirms Federal Reserve on track for December rate hike

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    US stocks dropped on Wednesday as falling oil prices weighed on energy stocks and Federal Reserve Chair Janet Yellen’s remarks indicated the central bank is on track to raise interest rates in December. The Dow Jones industrial average fell 0.89% and the Nasdaq Composite slipped 0.64%. The S&P 500 dropped 1.1% with energy shares leading the decliners. The dollar hit 13 year high as stronger-than-expected report by Automatic Data Processing Inc. showed private employers added 217000 new jobs

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