Yellen says U.S. is making great strides in reducing inflation

–The U.S. is making "considerable progress" in reducing inflation, which is especially notable as the labor market remains strong, Treasury Secretary Janet Yellen said Monday. The annual inflation rate, as measured by the government's consumer price index, fell to 3.2% in October from its 2022 high of more than 9% after the Federal Reserve embarked on an…