Reported 11 days ago
US Treasury Secretary Janet Yellen and former Federal Reserve Chair Ben Bernanke expressed optimism that the US will likely avoid a recession, citing stabilizing labor markets and decreasing inflation in their recent comments. Yellen noted the cooling job market and ongoing inflation adjustments, while Bernanke mentioned risks related to unemployment should the economy slow down. Recent data shows a 3% annualized economic growth in the second quarter and a decline in unemployment claims, reinforcing a positive outlook as the Fed considers further rate cuts.
Source: YAHOO