US Treasury Sec. Yellen: Inflation coming down but core measures remain elevated
|On the sidelines of G20 finance ministers and central bank governors' meeting on Friday, US Treasury Secretary Janet Yellen said that “inflation is coming down if you measure it on a 12-month basis, but still core inflation, which I think will fall further, remains higher than is consistent with 2%.”
Additional comments
A "soft landing" without a recession is possible due to a strong labor market and strong US. balance sheets.
US economy is fundamentally in good shape.
Employment, you know, continues to increase. Households are in good shape. You know, we don't have balance sheet problems of the type that we had prior to the (2008-2009) global financial crisis.
Market reaction
The US Dollar Index shows little to no reaction to the above comments, keeping its range at around 104.70. The spot is trading 0.11% higher so far.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.