17 Dec 2014
Yellen’s press conference: bullish for dollar - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the conditions surrounding a volatile FOMC this month.
Key Quotes:
“Janet Yellen held her final press conference of the year following the Fed's last policy announcement on Wednesday, after switching “considerable time” for “patient” in the press release”.
“But as Yellen kept talking, the picture became more USD bullish, as the FED not only upgraded the assessment of the labor market, but also tiptoed a rate hike for 2015”.
Key Quotes:
“Janet Yellen held her final press conference of the year following the Fed's last policy announcement on Wednesday, after switching “considerable time” for “patient” in the press release”.
“But as Yellen kept talking, the picture became more USD bullish, as the FED not only upgraded the assessment of the labor market, but also tiptoed a rate hike for 2015”.