US President Biden: Inflation is slowing in ‘good news for the holiday season’
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US President Joe Biden crossed wires late Tuesday while speaking at SKI Siltron CSS’s semiconductor facility in Bay City, Michigan. The US leader cheered the easing prices for gasoline, clothes and appliances as “good news for the holiday season,” while also stating that it would take time for inflation to return to normal levels.
The news failed to gain any major reaction amid the late hours of the day, as well as anxiety ahead of the key data/events scheduled for publishing on Wednesday.
Also read: Forex Today: All eyes on Federal Reserve’s Powell, Aussie CPI and China PMIs
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