Fed’s Yellen: Watching the inflation closely but the economy is strong

by | October 15th, 2017, 16:09:05 | Central Banks, Fed

Yellen mystified

The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation

Speaking at an International Banking seminar in Washington she said:“My best guess is that these soft readings will not persist.”
Adding:“We continue to expect that the ongoing strength of the recovery will warrant gradual increases in that rate to sustain a healthy labor market and stabilize inflation around our 2 percent longer-run objective.”

I guess we can expect the market to react positively and buy “some” dollars, the ones who are not directly impacted by the possibility of an expected NK missile test launch

K-man
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