Home » General World News » A one-word change in Yellen’s remarks could have big implications for interest rates

Affordable Business Search Form On Various Famous Websites...

Loading
Compare Hotels rates & Flight tickets prices from 100+ top booking sites at once..., Check the prices & save up to 80 %..., Click to find cheap, affordable travel offers, new deals campaigns... >>> www.travelkinds.com

A one-word change in Yellen’s remarks could have big implications for interest rates

FILE PHOTO: Federal Reserve Chair Janet Yellen delivers semiannual monetary policy testimony during a House Financial Services Committee hearing on Capitol Hill in Washington, U.S. on February 15, 2017. REUTERS/Yuri Gripas/File Photo

Federal Reserve Chair Janet Yellen’s increasing concern over low and falling inflation helped US stock markets hit record highs last week.

Yellen testified before Congress for two days, and Wall Street found enough concern that inflation might not in fact head back up toward the Fed’s 2% target to justify renewed market bullishness.

Yellen, as she has in other statements recently, told lawmakers she expected low inflation to be transitory. “Temporary factors appear to be at work,” she said. “It’s premature to reach the judgment that we’re not on the path to 2% inflation over the next couple of years.”

Crucially for the read more >>>

Source:: BusinessInsider.Com

Comments are closed.