Yellen to Reveal Fed's Monetary Stance
timberland97Ahead of her testimony before the Senate as the candidate for the Fed’s chairmanship, Janet Yellen’s official statement reinforced her dovish stance. The USD depreciated, Treasuries yields declined while Wall Street gained as a result. In the commodity sector, crude oil prices soared as tensions in Libya intensified and Israel’s Prime Minister Netanyahu warned of the possibility of was as the agreement between the West and Iran was unsatisfactory.
Read the original:
Yellen to Reveal Fed's Monetary Stance
