US Treasury Secretary Bessent, on the government shutdown, says we do not know what to expect, via CNBC
The comments from Treasury Secretary Bessent signal uncertainty around the potential implications of a government shutdown, which may create volatility in markets, particularly in the USD.
US Treasury Secretary Bessent there will be some "exciting announcements" coming today
Chevron (CVX) is reportedly said to increase exports of Venezuelan oil to 300k BPD in March
US Treasury Secretary Bessent, on the government shutdown, says we do not know what to expect, via CNBC
US Treasury Secretary Bessent on Canadian relations, says, in the end "I think we will end up in a good place"; USMCA talks are coming up, via CNBC
US Treasury Secretary Bessent says there is no trade deal with South Korea until they ratify the deal, via CNBC; on the EU, he calls them disappointing after freezing the trade deal during President Trump's Davos speech
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In an environment where fiscal policy is already under scrutiny, this uncertainty could weigh on investor sentiment and influence risk assets. Keep an eye on how this develops, as it may impact expectations for rates and spending moving forward.
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