• Warren Buffett, Mohamed El-Erian and now Janet Yellen spark fears over a pickup in inflation that could pile pressure on the Fed

    2 days ago - By Business Insider

    Summary List Placement Treasury Secretary Janet Yellen caused a minor freak-out on Wall Street on Tuesday when she raised the prospect that the Federal Reserve might have to hike interest rates to tame inflation in the wake of a large increase in government spending.
    "It may be that interest rates will have to rise somewhat to make sure our economy doesn't overheat," Yellen said in a video interview with The Atlantic released Tuesday.
    Yet Yellen rapidly rowed back her comments, saying at the Wall Street Journal's CEO council summit later in the day: "I don't think there's going to be an...
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  • US and European stocks reverse losses as Yellen signals inflation won't hurt recovery and commodities rally

    US and European stocks reverse losses as Yellen signals inflation won't hurt recovery and commodities rally

    2 days ago - By Business Insider

    Summary List Placement US stocks rose slightly on Wednesday after Treasury Secretary Janet Yellen said she doesn't expect inflation to be a problem , underplaying previous comments that it may be necessary to raise interest rates to prevent economic overheating.
    Futures on the Dow Jones , S&P 500 , and Nasdaq rose 0.3%, suggesting a higher start to trading at the market open.
    Yellen's remarks the previous day were likely about longer-term rates, rather than breaking historic convention and commenting on monetary policy, Deutsche Bank strategists said. She also seemed to project the Fed has...
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