Yellen Admits Inflation Could Rise Again but for Now It’s ‘Nice’ to See Softer Price Data

[Epoch-Times-Bot]

Yellen Admits Inflation Could Rise Again but for Now It's 'Nice' to See Softer Price Data

Treasury Secretary Janet Yellen said Friday that she’s not sure whether the rate of inflation has hit a peak and won’t accelerate again, apparently seeking to temper expectations after a government report showed inflation printing lower than markets predicted, sending stocks soaring.
“I don’t know if this is a turning point,” Yellen told Reuters in an interview in New Delhi, India, on Nov. 11, a day after the Commerce Department released data showing the annualized rate of U.S. inflation at a lower-than-expected 7.7 percent.
Market forecasts prior to the inflation data release put the figure at 8.0 percent, with the publication of the report sparking a sharp rally on Wall Street....

Source: Yellen Admits Inflation Could Rise Again but for Now It's 'Nice' to See Softer Price Data

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