Federeal Reserve Testimony

Finance

Janet Yellen, chair of the Federal Reserve, will be discussing policy and the economy in a Congressional testimony on Wednesday and Thursday this week. Interest rates will be top of the agenda no doubt, as usual – I assume it will be closely watched by the markets.

It’s not so much about if there will be more interest rate increases – but more about by just how much.

Lets see what she has to say this time.

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Finance
Sterling soars to one year high

Sterling soars to one year high. The Bank of England’s strong hint that an interest rate rise could be sooner rather than later pushed the pound higher yesterday. Sterling continued to make gains against the dollar this morning and moved above $1.35. Its highest level since September 2016. Is a …

Finance
UK interest rate held at 0.25%

UK interest rate held at 0.25% The Bank of England (BoE) has held UK interest rates at 0.25% Interest rates could rise faster than expected after 7-2 vote to hold. Sterling The pound jumped against the dollar ($1.3280) FTSE 100 fell on the news sharply to 7316 – a fall …

Finance
Euro up against the dollar

Euro up against the dollar. The euro has been on a roll recently. This year it is up 15% against the US dollar and just a few months off a three year high. So far, the pound holds on to gains and is currently (08/09/19 AM) up against both the …