Summary: Federal Reserve hiked its benchmark interest rates by quarter percentage point to a target range of 1.25% - 1.50% Two FOMC members voted against the rate hike; Evans and Kashkari The FOMC's economic projections estimated that GDP will rise 2.5%, up from the 2.1% estimates it gave previously FOMC also gave a modes...

2018-01-17 John Benjamin Read more
Yellen_Dollar rallies

The US dollar posted strong gains this week, at one point staying firm above the psychological level of 100, a resistance level that has been breached as the Dollar Index jumped to 101 yesterday. After the initial turmoil of the election outcome just a week ago, the US dollar maintained strong gains, led by market speculation that a Trump admini...

2016-11-18 John Benjamin Read more