Yellen: Supply bottlenecks hitting US economy and prices, but don’t panic | Malay Mail

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WASHINGTON, Oct 13 — Snarls in transportation and supply chains have led to rising prices and shortages of some goods, but US Treasury Secretary Janet Yellen yesterday urged Americans not to panic. Price increases are not likely to last, and there should be plenty of products available for the...

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WASHINGTON, Oct 13 — Snarls in transportation and supply chains have led to rising prices and shortages of some goods, but US Treasury Secretary Janet Yellen yesterday urged Americans not to panic.

Markets today will be watching for the latest government inflation report for September, after consumer prices hit an annual rate of 5.3 per cent in August. Yellen said the shift in demand has “created huge bottlenecks in supply chains” and noted the lines of ships at US ports waiting to unload goods.

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