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US Treasury Sec Yellen: Feeling confident about a soft landing for the US economy
While returning from the G20 Summit on Sunday, US Treasury Secretary Janet Yellen that she is “increasingly confident that the US will be able to contain inflation without major damage to the job market.”
Additional comments
“Every measure of inflation is on the road down.”
“While the US unemployment rate increased in August after reaching the lowest levels in more than a half-century earlier this year, that jump wasn’t caused by a large wave of layoffs.”
Market reaction
The US Dollar fails to find any inspiration from Yellen’s remarks, as the US Dollar Index is losing 0.28% on the day at 104.81, at the press time.
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