{"id":92785,"date":"2023-11-20T19:08:06","date_gmt":"2023-11-20T15:08:06","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=92785"},"modified":"2023-11-20T19:10:24","modified_gmt":"2023-11-20T15:10:24","slug":"yellen-comments-on-inflation-china-ties","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/yellen-comments-on-inflation-china-ties\/11\/20\/market-updates\/","title":{"rendered":"Yellen comments on inflation, China ties"},"content":{"rendered":"\n<p>Treasury Secretary Janet Yellen stated on Monday that the US is making &#8220;considerable progress&#8221; in reducing inflation, which is particularly noteworthy given the strength of the labour market.<br><br>The government&#8217;s consumer price index measures annual inflation, which fell to 3.2% in October from a peak of over 9% in 2022 as a result of the Federal Reserve&#8217;s aggressive campaign of interest rate increases to reduce price pressures.<br><br>Americans continue to witness price increases for food and other essentials, and they are concerned about social media and privacy issues. There is still a problem with this. &#8220;I believe we are reducing inflation and making significant progress,&#8221; Yellen continued. Yellen also noted that the higher interest rate environment does pose additional challenges for debt reduction.<br><br><br>Yellen stated that China and the US both understand they have a chance to collaborate. Furthermore, she emphasized that Biden conveyed to China&#8217;s XI that Taiwan policy remains unchanged. She talked about problems with Chinese investment in the US.<br><br><strong>Key Quotes<br><\/strong><br>Biden administration making investments that will improve conditions in many parts of the country.<br><br>Americans still seeing increases in some important prices including food.<br><br>We cannot allow Ukraine to lose battle on the homefront.<br><br>Ukraine is utterly dependent on US aid<br><br>Israel urgently needs aid as well.<br><br>Aid is important for US national security.<br><br>We need to be fiscally responsible and sustainable path for spending and taxation.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Treasury Secretary Janet Yellen stated on Monday that the US is making &#8220;considerable progress&#8221; in reducing inflation, which is particularly noteworthy given the strength of the labour market.The government&#8217;s consumer price index measures annual inflation, which fell to 3.2% in October from a peak of over 9% in 2022 as a result of the Federal &hellip;<\/p>\n","protected":false},"author":13,"featured_media":41922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[8724,8693,6987,7822,6891,8013,7485],"class_list":["post-92785","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-biden-administration","tag-cost-of-living","tag-inflation","tag-labour-market","tag-prices","tag-xi","tag-yellen"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=92785"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92785\/revisions"}],"predecessor-version":[{"id":92828,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92785\/revisions\/92828"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/41922"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=92785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}