Treasury Secretary Scott Bessent said Tuesday that US core inflation had retreated to around 2.3 percent and third-quarter GDP growth would likely exceed 3 percent, pushing back against recession concerns after September’s weak jobs print.
Tag: Scott Bessent
Posted inGeopolitics
Bessent Calls Pre-Summit Talks Successful as Xi Prepares Washington Visit
Treasury Secretary Scott Bessent described his September 20 meeting with Chinese Vice Premier He Lifeng as successful, with the US-China trade board operationalised ahead of the September 24 Xi-Trump summit.
Posted inGeopolitics
Bessent Pledges Toughest Sanctions in History Against Iran
US Treasury Secretary Scott Bessent said Washington will impose what he called the greatest coordinated economic isolation of any country in history, warning Beijing that buying Iranian oil makes it a target.
Posted inEconomy
US Treasury Doubles Bond Buybacks as National Debt Crosses $40 Trillion
Treasury Secretary Scott Bessent announced plans to double long-end bond buyback operations to at least $4 billion per operation, sending 30-year yields down nearly 10 basis points.