Technical Analysis

Yellen: Overall good feeling that inflation is coming down

  • US labour market is still very tight

She mentions that there is encouragement from recent data that the rate of US inflation has declined. Well, the trend in the past few months is a welcome development but it remains to be seen if this is enough to stay the course for inflation to return towards 2% or if we will eventually hit a spot where inflation is seen as being more sticky – one that is well above the 2% mark.

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