According to US Treasury Secretary Yellen, she stated that the pessimism regarding the economy had been proven unwarranted.
She noted that certain surveys were starting to indicate increased optimism among Americans.
Yellen described the current situation as a “soft landing”, indicating that there was no substantial impact on energy prices from the disruptions in Red Sea shipping.
Source: https://www.fxstreet.com/news/us-treasury-secretary-janet-yellen-current-situation-points-to-a-soft-landing-202401051602