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

• Believe can grow 3.5% this year.

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