Post #6167 by Dope1 on the US Policy board

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Treasury Secretary Janet Yellen took a different tone regarding the state of the economy in a Monday interview with Bloomberg. The cabinet official said she thinks the country will avoid a recession and is on track for a soft landing from high inflation.

Hmm. The data suggests otherwise:
https://www.usnews.com/news/economy/articles/2023-...

For months now, inflation has been steadily trending down to a 3% level after hitting 9% last summer.

But that positive story is about to get a jolt this week as the consumer price index is expected to show monthly inflation rose by 0.6% in August, up from 0.2% from a month earlier. That will likely bring the annual rate to 3.6%. The culprit? Rising energy prices.

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