Bessent's efforts in the Treasury market so far haven't worked. Here's what else he can try
Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.
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Market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.
Treasury Secretary Scott Bessent said Thursday that there's a "very good chance" of the U.S. has seen its budget deficit peak under President Donald Trump.
Bessent said his department is going "make a market" in the longer-dated securities where yields have been surging lately.
As he has done in the past, Trump accused Fed officials of having political motives.
US President Donald Trump said he will delay imposing new tariffs on a wide array of Canadian goods for three days as the countries firm up a trade deal.
Beyond the big single-month jump, the collective red ink over the 10 months of the fiscal year rose to nearly $1.8 trillion, surpassing the same period in 2025.
Readings for July on the prices consumers pay for goods and services came in pretty much on target.
The consumer price index was expected to increase 0.1% in July, with an annual rate of 3.4%.
Tech leaders say AI will drive down costs. But slow corporate adoption and the data center build-out create inflation pressures that complicate the Feds job.
The RWE payout is the latest in a string of deals cancelling wind energy projects, a power source long derided by Trump.
Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.
Hiring at private companies slowed considerably in July, with most of the job growth coming health care.
Trimmed mean measures are painting a different picture than the headline numbers.

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While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.
Wall Street has a clear takeaway from this week's Federal Reserve decision: A hike is likely on the horizon.
Trading on South Koreas Kospi index was paused temporarily on Tuesday morning after sliding by 8%.
Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.
Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.
Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.