Treasury

President Joe Biden meets with Treasury Secretary Janet Yellen, right, in the Oval Office of the White House, Tuesday, May 31, 2022, in Washington.  (AP Photo/Evan Vucci) XMIT ORG: DCEV438

Treasury Secretary Janet Yellen says she was ‘wrong’ about inflation

WASHINGTON — The Biden administration admitted on Tuesday that it was wrong to play down the threat of higher inflation last year as the White House struggles to tackle rising consumer prices that have hampered the presidency of Joe Biden. “I think I was wrong about the path inflation would take,” Treasury Secretary Janet Yellen …

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Global stock markets rally, Treasury yields fall on inflation data

US consumer spending rises, rising inflation slows Wall Street rallies and ends a weekly losing streak Treasury yields fall Brent oil rises $2 NEW YORK, May 27 (Reuters) – Global markets enjoyed a broad-based rally on Friday as the yield on benchmark U.S. Treasuries fell after data showed U.S. consumer spending rose in April and …

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