CPI - Janet Yellen Anticipates Soft Landing Sees Inflation Trending Lower Toward Fed's 2% Goal In 2024 | Benzinga
U.S. Treasury Secretary Janet Yellen expects inflation to continue to trend lower toward the Federal Reserve's target of 2% in 2024.
Inflation Outlook: Yellen issued a forecast for consumer prices Wednesday on CNBC's "Squawk On The Street."
"My expectation is that inflation will continue to come down ... I think when we come to the end of 2024, 'two' is certainly likely to be the first numeral," the Treasury secretary said.
The Labor Department on Tuesday said the Consumer Price Index (CPI) was up 3.1% on an annual basis in November, which was in line with economist estimates. Yet the CPI was up 0.1% on a month-over-month basis as a decline in gas prices was more than offset by rising shelter prices. The number came ...