US Treasury Secretary Janet Yellen says inflation will be much lower by the end of next year, as long as there are no unanticipated shocks to the economy. “I believe inflation will be lower,” Yellen said during an interview Sunday on CBS’ “60 Minutes.” “I am very hopeful that the labor market will remain quite healthy so that people can feel good about their finances and their personal economic situation.” The US this year battled the worst inflation in four decades as the global economy dealt with post-pandemic demand and supply shocks following Russia’s war in Ukraine. After hitting a peak of 9.1% in June, consumer ... (full story)