US Treasury Sec. Yellen: Inflation coming down but core measures remain elevated
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On the sidelines of G20 finance ministers and central bank governors’ meeting on Friday, US Treasury Secretary Janet Yellen said that “inflation is coming down if you measure it on a 12-month basis, but still core inflation, which I think will fall further, remains higher than is consistent with 2%.”
The US Dollar Index shows little to no reaction to the above comments, keeping its range at around 104.70. The spot is trading 0.11% higher so far.
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