U.S. Treasury Secretary Janet Yellen Downgrades Recession Risk, But We’re Not Out Of The Woods Yet

Key takeaways

• U.S. Treasury Secretary Janet Yellen said in an interview the U.S. recession risk is downgraded
• Yellen also commented consumer spending still a risk; core CPI in May shows underlying inflation pressures still sticky
• The U.S. is faring better than Europe and the U.K. on inflation, while China’s economy shows sluggish growth

The U.S. economy might be past the worst of its inflation woes, the U.S. Treasury Secretary hinted last week. Janet Yellen, who you may recognize as a key figure from the debt-ceiling crisis, said the Fed’s crusade on inflation via raised interest rates seemed to be working – but resilient consumer spending could still be a risk factor. There’s a delicate dance afoot, but the U.S. gets the gold star compared to other major economies. Let’s get into it.

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