Federal Reserve Chairman Yellen press conference summary:

  • Federal Reserve Chairman Yellen press conference: FOMC acknowledged considerable progress in the economy.
  • The US economy will further perform well, is expected to moderate economic growth in the next few years.
  • The labor market is expected to be further strengthened to some extent.
  • The overall inflation rate is expected to rise to 2% in the coming years (Couple of years)we still maintain a 2% inflation commitment to change.
  • Market-based inflation remains low, while inflation in the survey remains unchanged.
  • Inflation expectations are still firmly in control, will carefully observe the actual and expected inflation trend.
  • The economic expectations and very close in September, the current economic situation is expected to only gradual interest rate increase.

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