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Market Fell Following Yellen Said "Interest Rates May Have To Be Raised"
Summary: U.S. Treasury Secretary Janet Yellen gave a speech at The Atlantic's "Future Economic Summit" this morning. Yellen said that in order to prevent the economy from overheating, interest rates may have to be raised. She expected that the United States will be in a low-interest rate for a period of time, but needs to ensure ...
U.S. Treasury Secretary Janet Yellen gave a speech at The Atlantic's "Future Economic Summit" this morning.
Yellen said that in order to prevent the economy from overheating, interest rates may have to be raised. She expected that the United States will be in a low-interest rate for a period of time, but needs to ensure that the deficit is kept in a "controllable range."
After Yellen's speech, the dollar briefly hit an intraday high. According to the Bitpush data, the US stock market fell, Nasdaq fell more than 2.5%, and Standard & Poor's fell more than 1%. For the crypto market, Bitcoin suffered a 6% sell-off with a trading price of around $54000.
By Mary Liu
Tags: Bitcoin,Janet Yellen
Link: Market Fell Following Yellen Said "Interest Rates May Have To Be Raised" [Copy]
