US Treasury Secretary Janet Yellen said on Monday that a strong job market and falling inflation in the country were “very positive signs.”
Yellen told reporters there has been good inflation news in the US over the past six months, with energy prices, freight rates and raw material costs falling and supply chain problems broadly easing. Rental prices are expected to drop over the next six months, which will help her as well, she said.
“We still have a very tight job market. We are seeing some signs of inflation in services that need continued attention, but overall I am confident that inflation is coming down,” Yellen told reporters after visiting a health center in Lusaka, capital of Zambia.
“I think in the US we continue to see a strong job market and progress on inflation, so those are very positive signs,” he said.
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Source: Terra
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
