US Treasury Secretary Bessent says it is undesirable to eliminate inflation completely, but desirable to get it back to the Fed's 2% target
Treasury Secretary Bessent's comments suggest a nuanced approach to inflation, emphasizing the importance of anchoring it back to the Federal Reserve's 2% target without an outright elimination.
The German government shares the US analysis that the goal must be to diversify global supply chains for critical raw materials and to reduce existing dependencies, particularly on China
Blue Owl (OWL) executives says total software loan exposure is 8% of AUM
US Treasury Secretary Bessent says it is undesirable to eliminate inflation completely, but desirable to get it back to the Fed's 2% target
Novo Nordisk (NOVOB DC) releases a statement on Him & Hers (HIMS), saying that they will take legal action against the Co.
US Treasury Secretary Bessent says he will 'absolutely not' be supporting lowering tariffs on Canadian goods, following their trade deal with China
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This could imply a more calibrated stance from U.S. policymakers, likely influencing market expectations around future rate hikes and impacting the USD's strength against other currencies. Expect possible shifts in fixed income and FX markets as traders assess the implications for monetary policy going forward.
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