Treasury Secretary Janet Yellen told Yahoo Finance that she “doesn’t see the basis” for a US recession and that she expects the Federal Reserve to reach its 2% inflation target next year – a faster pace than as predicted by central bank policy makers. “I expect inflation to come down and going into next year … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
WASHINGTON (AP) – The Biden administration is announcing new steps to increase access to affordable housing as still-high prices for groceries and other necessities and high interest rates have dramatically pushed up the cost of living in the post-pandemic years. Secretary of the Treasury Janet Yellen will promote the new investments Monday during a visit … Read more