What is it? Fed Chair Yellen is due to speak about the US economic outlook at the Greater Providence Chamber of Commerce Economic Outlook, in Rhode Island.
As head of the central bank, which controls short term interest rates, she has more influence over the nation's currency value than any other person. Traders scrutinize her public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? May 22nd at 1:00pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
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