Yellen does not expect a recession in the US

Yellen verwacht geen recessie in VS

Image: Federal Reserve

(ABM FN-Dow Jones) US Treasury Secretary Janet Yellen does not expect the US economy to slip into recession, given the strength of the labor market and cooling inflation. Yellen said in an interview with Bloomberg Television on Monday.

“I think we’re on a path to lower inflation,” Yellen said. “The most recent inflation numbers are very encouraging.” He added, “I think we’re on the right track in America.”

Last week it was reported that US consumer prices rose just 0.2 percent in June and inflation fell to the lowest level since 2021. Wholesale prices have fallen further and the producer price index has remained virtually unchanged over the past year.

Therefore, economists see the Federal Reserve as not having to “pull the brakes” to bring price pressures under control.

Addressing disappointing growth data from China, Yellen said Monday that slower growth there could have some “negative spillovers” for the United States.

Source: ABM Financial News

Followers from Beursplein 5 ABC Financial News Developments in the stock markets, and particularly the Amsterdam Stock Exchange, closely. The information contained in this column does not constitute professional investment advice or a recommendation to make specific investments.

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