Yellen downplays US recession as wave of economic data looms
Treasury Secretary Janet Yellen said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.
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Treasury Secretary Janet Yellen said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.
The president emphasized low unemployment figures and the inflation rates seen in other countries in a new interview.
Existing home sales dropped by 2.4 percent in April, the lowest level in nearly two years, and the third straight monthly sales decline.
Milk is now over $5 per gallon in some U.S. cities, and the Bureau of Labor Statistics reports yearly prices went up 14.7% for all urban consumers in April.
KUALA LUMPUR: The ringgit extended its downtrend against the US dollar to open lower today as the greenback strengthened amidst positive US economic data, an analyst said.