‘Unless We See A Recession,’ You Shouldn’t Be Prescribing A 175 Basis Point Cut In Interest Rates
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Bessent says US tariff revenues to rise ‘substantially,’ focus on reducing debt
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said he expects a big jump in revenues…
Chinese researchers lodge concerns over US debt as Beijing limits exposure
Calls for China to gradually reduce its exposure to US dollar assets are growing louder as Washington’s national…
Social Security may be more threatened than ever as it marks 90th year
WASHINGTON (AP) — When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago…
Indian stock market: 8 key things that changed for market overnight- Gift Nifty, Nasdaq to Bitcoin prices at record high
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on…
Fed cut seen near certain after inflation data, Bessent comments
By Howard Schneider WASHINGTON (Reuters) -The likelihood of a Federal Reserve rate cut in September is now seen…
How Switzerland’s tariff drama swung from hope to despair
(Bloomberg) — On July 4, as the US celebrated Independence Day, Switzerland’s top circle of ministers also had…
Scott Bessent Admits Americans Pay for Trump’s Tariffs
On Thursday at midnight, steep retaliatory tariffs Donald Trump slapped on dozens of countries went into effect. “IT’S…
Now We’ve Got a ‘Backdoor’ to Privatize Social Security
Treasury Secretary Scott Bessent hailed the president’s new investment accounts as a “backdoor for privatizing Social Security.” The…
China and US may work to extend latest tariff deadline, Chinese official says
STOCKHOLM (AP) — China’s top trade official said Tuesday that China and the U.S. agreed to work on…
More stock market records, more trade deals, more trade talks — plus, lots of earnings
The S & P 500 rose every day this past week as trade deals, both in the works…
Trump’s Aug. 1 tariffs will pressure trade partners: Bessent
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23,…