US Treasury Secretary Yellen: US economy is being very resilient in face of set of shocks

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US Treasury Secretary Yellen: US economy is being very resilient in face of set of shocks

US Treasury Secretary Janet Yellen   Yellen:      inflation may have peaked     US economy is being very resilient in the face of a set of shocks     Will have to put up with high inflation for a while longerKnows Federal Reserve will look carefully at the data in responding to inflationthere is a possibility that imposing import bans on n energy could drive price is higher throughout global economywe want to be careful that China does not undermine impact of sanctions on we would like to see China actively work to resolve  - e crisisChina continuing to buy coal and oil from  is not a violation of sanctionsI don't expect a recession in the United StatesIMF forecast of 3.7% growth in the US economy is still very solid   Lagarde:      APP likely to end in early Q3 (that is different than what she said last week after the ECB rate decision - said the APP was likely to and in the 3Q but could be near the beginning or end)     There is strong chance rates will be raised this yearNot seeing stagflation The EURUSD traded to a low of 1.07697. It currently trades at 1.0779. The low price for the week reached 1.07604. The low price from last week reach 1.07568.

Source: US Treasury Secretary Yellen: US economy is being very resilient in face of set of shocks

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