Treasury Secretary Janet Yellen warned there could be another year of high inflation amid the uncertainty caused by the invasion of Ukraine. Prices have soared at their fastest pace in 40 years over the last 12 months. “We’re likely to see another year in which 12-month inflation numbers remain very uncomfortably high,” Yellen said in […]
Treasury Secretary Janet Yellen said Thursday that Americans will likely see another year of “very uncomfortably high” inflation as Russia’s invasion of Ukraine muddles her prior forecast that price acceleration would moderate in the months ahead. “I think there’s a lot of uncertainty that is related to what’s going on with Russia in Ukraine,” Yellen […]
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images Inflation grew worse in February amid the escalating crisis in Ukraine and price […]
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