On Tuesday, U.S. Treasury Secretary Steven Mnuchin stated that economic data does not indicate that the American economy is showing signs of a downturn. "The data shows that the American economy is still in good shape," he noted. "Inflation remains at roughly 2%, while wage growth and the number of jobs remain high." He also added, "We continue to see strong demand for American securities. Recent data confirms that we are in a very favorable economic situation."
