Yellen: We have seen a 'strong' pickup in consumer spending

21 June 2016, 19:16
Sherif Hasan
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More from Yellen

  • Households are in much improved shape
  • Low change US will be in recession at year-end
  • Not likely Brexit will push US into recession

Yellen is betting hard on the consumer.

  • Negative yields elsewhere are driving US rates lower
  • Brexit "would usher in a period of uncertainty".
  • We may see slowing job creation with economy close to full employment
  • Hope and expectation is that jobs market will turn around in coming months

On commodities

  • Commodity prices reflect global forces
  • US supply, global forces hurt oil prices
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