Yellen says economy slowing but not yet in recession
Treasury Secretary Janet Yellen said Sunday that economic growth was slowing but strong hiring indicates it hasn't fallen into a recession yet, The Associated Press reports.
Yellen's comments on NBC's Meet the Press came ahead of a flurry of economic reports expected to provide insights into the impact of high inflation and rising interest rates. The data will cover home sales, consumer confidence, and other key areas, but the report expected to get the most attention is the Commerce Department's first estimate of second-quarter economic output.
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