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Janet Yellen says the US economy is not in a recession despite a 2nd straight negative GDP print because the job market is strong

Treasury Secretary Janet Yellen is adding to a growing chorus that the US economy is not in an economic recession, despite Thursday’s negative second-quarter GDP print. GDP growth in the second-quarter declined by 0.9% after falling 1.6% in the first-quarter of 2022. An unofficial rule of thumb …

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