Inflation Statement From Janet Yellen While The Struggle For 30.000 Dollars In Bitcoin!

Rising inflation in the USA has affected the cryptocurrency markets as much as it has affected the global markets.

Because, to combat rising inflation, the FED increased interest rates and these increases Bitcoin (BTC) And cryptocurrencynegatively impacted them.

Speaking to Bloomberg News at this point, US Treasury Secretary Janet Yellen He said that inflation has started to slow down.

Yellen stated that the labor market has cooled down and that this is an important factor in the slowdown in inflation.

“The intensity of recruitment demands of some companies has decreased. The job market is cooling down without causing significant distress.

This plays an important role in slowing down inflation.

This cooling in the employment market will also reduce cost pressures on housing and vehicle prices.”

Commenting on the inflation data announced in June, the US Treasury Secretary continued his words by stating that it is necessary not to look at only one month’s figure and to be cautious:

“The contribution of the housing sector to the increase in inflation has decreased, prices will come down even more. This is important for core inflation.

In addition, the slowdown in used car prices is remarkable. This contributed to the slowdown in core inflation.

Stocks are increasing, supply chain problems in the sector are being solved, more contributions can be made from this sector in reducing inflation.”

Finally, Yellen reiterated that she did not expect a recession in the USA and pointed out that there was a significant decline in unemployment rates.

On the decline in the unemployment rate, Yellen said: “We see companies not actively going out of business, except in some sectors like technology.” said.

*Not investment advice.