Inflation & Prices
Yellen Says Don’t Read Too Much Into Cooling CPI Data
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Janet Yellen
Photographer: Prakash Singh/BloombergThis article is for subscribers only.
Treasury Secretary Janet Yellen called October’s positive inflation report in the US “a good reading,” but cautioned against relying too much on one data point.
“Core inflation was a lot lower than had been anticipated, and that’s in spite of the fact that we continue to get high readings on shelter,” Yellen told reporters during a visit to New Delhi.