FXGiants, Yellen to vote in favor of a Rate Hike? Fed Chair Yellen's testimony tomorrow!
Fed Chair Yellen testifies before the Senate Banking Committee, Tomorrow, 14 February 2017.
FXGiants likes to provide you with some analysis and ideas of the upcoming FOMC meeting’s impact.
The Federal Reserve’s Chairman, Yellen is expected to make testimony on “Interest Hike”, “Inflation” and other Economic Data.
Find out “What the UK Licensed FX Broker” expect for tomorrow!
Fed Chair Yellen’s testimony | What to expect?
We expect investors to be on the lookout for any hints on whether she is likely to vote in favor of a rate hike at the upcoming meetings.
She was relatively upbeat in her latest speech, indicating that the US is near maximum employment and that inflation is moving toward the Fed’s goal.
Given that economic data have been generally solid since then, we expect her to retain her optimistic stance, which may support the dollar.
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