Treasury Secretary Yellen: Bidens #1 priority is to bring down inflation ...Middle East

Treasury Secretary Yellen on Bloomberg says:Pres. Bidens #1 priority is to bring down inflation.We do not wish to disengage with China economically but there should be a level playing fieldAny action should be targeted and not broadbased. Hopefully we will not see a significant Chinese response but it is always a possibilityTax revenues should be used to lower the deficitinterest rates aregenerally lower than they have been.Higher interest rates complicate fiscal challenges.The US CPI data will be released on Wednesday at 8:30 AM ET. Looking at the chart below, the total CPI and the Core CPI have moves lower since peaking near 9% (for headline). However, both measures have stalled near 3%. T

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