Saturday, April 28, 2007

CORRECTED: Fed's Yellen-downturn in U.S. economy possible

(Reuters) - "I'd like to highlight three risks to the global economy. the first pertains to the U.S. economy, itself, where there is potential for a downturn that could have major spillover effects around the globe" she said.

The U.S. economy grew at a sluggish 1.3 percent in the first quarter of 2007, the Commerce Department said on Friday. It was the fourth consecutive quarter of sub-par economic expansion in the world's largest economy.


Read more at Reuters.com Bonds News

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