Fed policymakers are still awaiting clarity on the possible impact of Trump's economic policies. The Fed also highlighted that the unemployment rate, currently at 4.7 percent, was still hovering near its recent low. The Fed raised rates in December for only the second time in a decade and forecast three rate increases in 2017. Yellen may also give a clearer signal on the Fed's thinking when she provides semi-annual testimony to Congress in mid-February. There are seven more Fed policy meetings in 2017, with the next one scheduled for March 14-15.

Source: dna February 01, 2017 21:13 UTC