Open Demo Account
Home / Market Update / Forex Market / Secretary Yellen: I was wrong about the path inflation would take

Secretary Yellen: I was wrong about the path inflation would take

Mohamed Abdelhamid 1 June, 2022 2:58 am Forex Market, Market Update

US Treasury Secretary Janet Yellen said during a CNN interview on early Wednesday “Inflation is number one concern for President Biden”.

Financial markets are digesting Yellen’s comments amid a generally quiet early Asian session. The AUD/USD pair pauses the day-start recovery moves around 0.7180.

Key Quotes

I was wrong about the path inflation would take.

Biden shares Fed’s priority for lowering inflation, believes strongly in Fed independence.

Encouraged by declines in core inflation but oil prices remain high.

Cannot rule out further inflationary shocks.

Tags

Check Also

As Inflation Cools, US Stocks Surge

The US stock market experienced a significant rally on Friday, fueled by a cooler-than-expected inflation …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends