Stock photo: Janet Yellen, U.S. Treasury Secretary, speaks during her visit to Microsoft India Development Center, in Noida, India, on November 11, 2022. Janet Yellen, U.S. Treasury Secretary, speaks during her visit to Microsoft India Development Center, in Noida, India, on November 11, 2022.

Treasury Secretary Janet Yellen called October’s positive inflation report in the U.S. “a good reading,” but cautioned against relying too much on one data point.

“Core inflation was a lot lower than had been anticipated, and that’s in spite of the fact that we continue to get high readings on shelter,” Yellen told reporters during a visit to New Delhi.

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