Posted 12/12/2023, 9:28:36 PM
Stocks Rise as Yellen Sees Path to Soft Landing Despite Persistent Inflation Worries
- Stocks finish higher as indices like Nasdaq 100, S&P 500, and Dow Jones post gains
- Treasury Secretary Janet Yellen expresses optimism about a "soft landing" for the economy
- Yellen notes steady decline in inflation towards Fed's 2% target, aided by stable inflation expectations
- Despite economic strength, many Americans remain dissatisfied due to still-high prices
- Asia-Pacific markets end mixed as investors await expected Fed decision to hold rates