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Yellen sticks to view U.S. economy headed for soft landing

2023-10-11 16:56
MARRAKECH, Morocco U.S. Treasury Secretary Janet Yellen said on Wednesday she continued to expect the U.S. economy would
Yellen sticks to view U.S. economy headed for soft landing

MARRAKECH, Morocco U.S. Treasury Secretary Janet Yellen said on Wednesday she continued to expect the U.S. economy would have a soft landing even though the attacks on Israel brought additional risks.

"I still see as the base case for the United States to be a so-called soft landing," due to the resilience in the labour market and moderating wage pressure, Yellen told a briefing.

"Of course the situation in Israel causes additional concerns. I'm not saying soft landing is an absolutely sure thing. But I continue to think it's the most likely path."

(Reporting by Andrea Shalal, David Lawder and Leika Kihara; Editing by Andrew Heavens)