US Treasury Secretary Bessent repeats hope for the fiscal gap to get below 4% by end of Trump
Newsquawk Staff ·
US Treasury Secretary Bessent repeats hope for the fiscal gap to get below 4% by end of Trump.
What it means
The Treasury Secretary's aspiration for the fiscal gap to narrow below 4% reflects a positive outlook on fiscal policy and could imply reduced borrowing needs. This optimism may support the USD and affect interest rate expectations, influencing both equities and fixed income markets as investors reassess the growth-inflation balance under the current administration.
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