Treasury Secretary Janet Yellen told Yahoo Finance that she does “not see the basis” for a US recession, and that she expects the Federal Reserve will hit its 2% inflation target next year — a faster pace than projected by central bank policymakers. “I do expect inflation to come down, and as we get into
Treasury Secretary Janet Yellen told Yahoo Finance that she does “not see the basis” for a US recession, and that she expects the Federal Reserve will hit its 2% inflation target next year — a faster pace than projected by central bank policy makers. “I do expect inflation to come down, and as we get
US stocks were little changed Friday afternoon with Wall Street pausing on the run towards bullish milestones as investors dithered over the odds for rate cuts. The Dow Jones Industrial Average (^DJI) held steady on the heels of touching the key 40,000 level for the first time during Thursday’s trading. The S&P 500 (^GSPC) ticked