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US Treasury Secretary Yellen: Seeing path to soft landing for US economy
US Treasury Secretary Janet Yellen told the NPR on Friday that inflation has been quite moderate for the last six months but noted that rent indexes were still rising.
Yellen further added that she was expecting rent indexes to come down substantially in next six months and said that she sees a path to loft landing for the US economy.
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen rising 0.2% on a daily basis at 102.45.
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