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US Treasury Secretary Bessent says inflation is still too high, but is moving toward the Fed's target

Treasury Secretary Bessent’s comments suggest a cautious optimism regarding inflation trends as it moves toward the Federal Reserve’s target.

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US Treasury Secretary Bessent says inflation is still too high, but is moving toward the Fed's target

US Treasury Secretary Bessent says nothing has changed on tariff revenue and trade deals; The tariff collection is closer to USD 130bln, probably not USD 175bln

All countries with trade agreements now drop to a 10% tariff, and the 10% rate applies until new authorities and processes kick in, according to CNBC citing a White House official

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  • Believe can grow 3.5% this year.
Context

This indicates that while inflation remains high, the outlook for growth at 3.5% this year may influence expectations around the Fed's monetary policy and possible rate adjustments. Traders should remain vigilant about how this sentiment affects the USD and fixed income markets.

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