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….