US Treasury Secretary Bessent thinks incoming Fed Chair Warsh will bring an open mind to the Fed; adds that there may be one or two hot inflation numbers, followed by disinflation
The comments from Treasury Secretary Bessent suggest that incoming Fed Chair Warsh might adopt a flexible approach to monetary policy, which could impact market expectations.
UK Cabinet Ministers and MPs are reportedly pointing towards the statement by the Unions call for a timetable, as a potential trigger for a "second wave" of calls for UK PM Starmer to step down, reports Mail on Sunday's Dan Hodges
At least four cabinet ministers, including those close to both UK Health Sec Streeting and Manchester Mayor Burnham, deny reports that they will go to PM Starmer today to tell him to go, reports Bloomberg's Wickham
US Treasury Secretary Bessent thinks incoming Fed Chair Warsh will bring an open mind to the Fed; adds that there may be one or two hot inflation numbers, followed by disinflation
US Treasury Secretary Bessent reiterates his view that oil prices will be lower in six-months, cites the market curve
US Treasury Secretary Bessent, on un-tariffing Chinese trade, says the idea is to start with USD 30bln
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Bessent's mention of potential hot inflation numbers followed by disinflation implies that while short-term inflation spikes could challenge the Fed's stance, a subsequent easing may suggest a broader trend towards stabilizing prices. This evolving narrative could affect interest rate projections and investor sentiment across fixed income and FX markets.
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