What is it? Fed Chair Yellen is due to deliver a speech titled "Inflation Dynamics and Monetary Policy" at the University of Massachusetts, in Amherst.
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? September 24th at 5:00pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the USD to rise.
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