Yellen Speech: In third quarter economic growth to be pulled down by hurricanes

Eren Sengezer FXStreet

Janet Yellen, Chairwoman of the Federal Reserve, is delivering her remarks on monetary policy decisions, with key headlines, via Reuters, found below:

Fed expects the economy to expand at a moderate pace over the next few years
In third quarter economic growth to be pulled down by hurricanes
Storm effects are unlikely to alter course of national economy beyond next two quarters
Fed expects the job market will strengthen somewhat further

Key headlines:

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About the FOMC statement

Following the Fed's rate decision, the FOMC releases its statement regarding monetary policy. The statement may influence the volatility of USD and determine a short-term positive or negative trend. A hawkish view is considered as positive, or bullish for the USD, whereas a dovish view is considered as negative, or bearish.

About FOMC economic projections

This report, released by Federal Reserve, includes the FOMC's projection for inflation and economic growth over the next 2 years and, more importantly, a breakdown of individual FOMC member's interest rate forecasts.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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