WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that a "soft landing" in the U.S. economy was now underway and a sustained period of low inflation and rising wages was needed for Americans "to feel good about their future...
There’s zero reason to ever “deflate” a currency. In fact, when it’s been tried every single time it’s become catastrophic.
The new numbers are bigger than the old numbers, but as long as wages catch up sooner rather than later, they’re just a bigger number without being a detriment.