U.S. Treasury Secretary
Janet Yellen said on Wednesday that recent consumer price
inflation data was a tad higher than expectations, but
Americans should focus on longer-term declines in. -February 14, 2024 at 02:29 pm EST
- MarketScreener
Yellen calls market reaction to inflation data a tremendous mistake theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
DETROIT (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday that recent consumer price inflation data was "a tad higher" than expectations, but Americans should focus on longer-term declines in inflation trends and a strong economy and rising wages. The Labor Department reported on Tuesday that the consumer price index (CPI) rose 0.3% in January, more than the 0.2% gain expected by economists in a Reuters poll, prompting a decline in stock prices as Wall Street speculated on a potentially longer wait for the Federal Reserve to start cutting interest rates.
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