Yellen: We have what looks like a soft landing

<p>4.9% GDP growth today is certainly going to be a high-water mark for the next couple years but whether it's a soft landing or not will depend on how hard high rates bite next year.</p><ul><li>Investments in green energy and chips will create jobs</li><li>We see good strong consumer spending, the economy is doing well</li><li>Surge in bond yields is happening in most advanced countries, it's not an indicator of recession</li><li>Part of increase in yields is a reflection of expectations that interest rates will be higher for longer</li></ul><p>I'd dispute that last point as the Fed funds curve hasn't shifted much.</p>

This article was written by Adam Button at www.forexlive.com.