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Fed's Yellen: Growth has picked up somewhat, but remains low

Additional headlines coming from Fed's Chairwoman Janet Yellen, via Reuters, as she speaks during the FOMC press conference:

  • Has not seen much evidence that expectations of fiscal policy changes have driven changes in consumer or business spending
  • Altering views based on actual inflation
  • Not targeting financial conditions
  • Credibility hasn't been impaired

Ttreasury yield curve flattens further after the Fed rate decision

The treasury yield curve i.e. the difference between the 10-year treasury yield and the 2-year treasury yield narrowed to 80 basis points after the Fe
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USD/JPY recovers further with Yellen

The US dollar rose further in the market during Janet Yellen press conference. USD/JPY reached a fresh American session high at 109.71...
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