www.varchev.com

Yellen said it will be appropriate to be more cautious on raising rates, but delays hikes too long, could inadvertently create a recession

Rating:

12345
Loading...

The Fed chair said she sees continued growth sufficient to boost jobs and raise inflation. The job market, she added, is close to the Fed's maximum goal, but she can't yet declare full employment.

Turning to the Fed's future rate decisions, Yellen said it will be appropriate to be more cautious on raising rates from near-zero, and the Fed must take into account the lagging effects of its policy.

On the other hand, she said, if the Fed delays hikes too long, then it might have to tighten abruptly. The U.S. central bank, she explained, could inadvertently create a recession by waiting too long.

Most interest comments from Yellen's statement:

Delaying liftoff too long risks abrupt tightening.

Downside risks from abroad have diminished since the Summer.

China has taken action, could do more if needed.

Expects inflation to move up to 2% over next few years.

Fiscal policy to be positive for growth in coming years.

Household spending particularly solid in 2015.

Expects continued economic growth at a moderate pace.

Sees risks to outlook as 'very close to balanced'.

USD range - 40 pips.


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy