US Treasury Secretary Bessent says underlying US economy is very strong, core prices are stable; 3% growth is "not unreasonable" for H2

The Treasury Secretary's comments about the strength of the underlying US economy and stable core prices suggest a positive outlook for growth in the second half of the year.

Newsquawk StaffPublished 21 Jul 2026, 12:35 UTCOn the live feed at 12:15 UTC — 10 more headlines followed before this page went public

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12:18

US Treasury Secretary Bessent, on trade with Canada, says "this is just reciprocity"; adds that Canada is highly discriminatory on dairy, alcohol, and drinks

12:16

US President Trump reportedly rejects proposal for a 10-day ceasefire with Iran, Al Hadath reports, citing Jerusalem Post

12:15

US Treasury Secretary Bessent says underlying US economy is very strong, core prices are stable; 3% growth is "not unreasonable" for H2

12:14

General Motors (GM) CFO says higher gasoline prices have not impacted sales

12:09

US Treasury Secretary Bessent says the US can sanction any open-source AI Model if they do IP theft; going to be looking China models in the coming days

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With government stakes in firms, trying to create market signals.

Context

This aligns with market expectations and could bolster confidence in risk assets, while also affirming the case for potential monetary policy normalization if growth materializes as anticipated. Additionally, the mention of government stakes may indicate an ongoing effort to influence market sentiment amidst broader economic conditions.

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