Fed's Yellen: Steady labor participation is positive

Fed’s Chairwoman Janet Yellen is holding a press conference, after the central bank’s interest rate decision to hike rates by 25 bps.
Following are the key quotes from the press briefing's session, via Reuters:
- Inflation largely driven by one-off items
- Expects job market to strengthen somewhat further
- Core inflation is a better indicator of long-term inflation and has edged lower
Market updates post-FED:
AUD/USD backs away from session highs after Fed delivered a hawkish rate hike
USD/CHF rises to 3-day highs after FOMC decision
Yellen defends the hawkish rate hike, EUR/USD surrenders gains
NZD/USD eases from 4-month highs during Yellen's presser
Author

Felipe Erazo
FXStreet
Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

















