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Others offer an alternative explanation: falling commodity prices.
The personal consumption expenditures deflator fell, thanks to falling commodity prices.
It's different for countries that benefit from falling commodity prices and those pursuing reform.
Drought and falling commodity prices have hit the Zimbabwean economy hard in recent years.
Halliburton and Freeport-McMoRan Copper and Gold slumped at least 1.2 percent amid falling commodity prices.
In Brazil the economy has been harder hit by falling commodity prices and declining exports.
And if the slowdown is global, falling commodity prices could deliver a further blow.
China is the main mystery (is it the reason for falling commodity prices?).
Its fate is partly tied to falling commodity prices, which have helped lift the dollar.
Across the G7, subsidies are already falling, assisted by falling commodity prices.
But a report accompanying Ms Yellen's testimony attributed some of that to falling commodity prices and a stronger dollar.
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