US Treasury Secretary Yellen: Fundamentals still point to slowing inflation
U.S. Treasury Secretary Janet Yellen said she still sees underlying price pressures fading, even though a tight housing supply has pushed inflation's retreat to a standstill. In an interview Friday in Sedona, Arizona (Sedona), Yellen said, "The fundamentals in my view are: inflation expectations - well contained, and the labor market - strong but not an inflationary significant source of pressure."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Federal Reserve meeting minutes: GDP growth forecast raised, unemployment rate expected to decline
Federal Reserve meeting minutes: Participants warn of potential disorderly decline in the stock market
Federal Reserve meeting minutes: Further rate cuts may increase the risk of high inflation