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 […]
Weekend oil – Yellen says setting price caps on Russian refined oil products complicated
Yellen was speaking with media on her trip to Africa. Yellen said the the US Treasury estimates that the G7-led price cap on Russian crude oil and refined products to limit Russia’s revenues could save the 17 largest net oil-importing African countries $6 billion annually said two separate price caps on Russian refined petroleum products, […]