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Abstract:Yellen says U.S. recession unlikely, but no drop in gasoline prices soon
U.S. Treasury Secretary Janet Yellen said on Thursday she does not think the U.S. economy is going to experience a recession, but gasoline prices were unlikely to fall anytime soon.
“I don't think we're (going to) have a recession. Consumer spending is very strong. Investment spending is solid. I expect growth to slow down,” she told a New York Times Dealbook event. For more forex news, please download WikiFX - the Global Dealer Regulatory Inquiry APP.
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