Yellen Sees Diminishing Risk of a US Recession

The video discusses Janet Yellen's comments on the decreasing risk of a recession, supported by strong US economic data like home construction and retail sales. It highlights the resilience of the labor market despite elevated jobless claims, which are concentrated in a few states. Bloomberg Economics suggests a gradual cooling of the labor market and has delayed recession expectations. The video also covers the Fed's strategies to balance inflation and economic resilience, emphasizing the flexible and complex nature of the current economic situation.

What is the significance of the recent home construction data?

What are the expectations for the economic outlook this year?