US Treasury Secretary on Fed's Rate Decision

In a revealing interview with Matthew Boyle this Wednesday, US Treasury Secretary Bessent shared his expectations regarding the Federal Reserve's upcoming decision on interest rates. "I am not expecting a rate cut today from the Fed," Bessent stated, emphasizing the need for the Fed to employ a "little imagination" in its approach, especially after misjudging tariff inflation.

Applauding the Economy's Performance

Echoing sentiments similar to those of US President Donald Trump, Bessent praised the latest GDP figures, highlighting the returning momentum to the US economy. Despite Trump's persistent calls for rate reductions and ongoing inflation concerns, financial analysts anticipate the Fed will maintain the current rates unchanged in today's meeting.