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Fed, Scott Bessent

Fed cut seen near certain after inflation data, Bessent comments

The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increased at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.

Yahoo Finance · 2h

Stocks See Support As Bessent Calls for a Big Rate Cut

The S&P 500 Index ($SPX ) (SPY ) on Wednesday rose +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose +1.04%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose +0.04%. September E-mini S&P futures (ESU25 ) rose +0.

UPI on MSN · 3h

Treasury Secretary Bessent wants the Fed to lower its lending rate

The current Federal Reserve interest rate is significantly higher than necessary and should be lowered, Treasury Secretary Scott Bessent said on Wednesday.

Bessent Sees Nvidia, AMD China Agreements

Bloomberg on MSN · 7h

Bessent sees Nvidia, AMD China agreements as a model for others

Treasury Secretary Scott Bessent said the recent deal to allow Nvidia Corp. and Advanced Micro Devices Inc. to resume lower-end AI chip sales to China, on the condition they give the US government

Fortune on MSN · 1h

Bessent says unusual Nvidia, AMD revenue-sharing deal could be a ‘model’ for other industries

Bessent called the deal “unique,” before suggesting that it could be a lot less unique soon. Scholars have another word: unprecedented.

Wall Street Journal · 10h

U.S. Could Do More Nvidia-Style Deals Taking a Cut of Revenue, Bessent Says

Treasury Secretary Scott Bessent said Nvidia’s agreement to share 15% of revenue from sales of artificial-intelligence chips to China with the U.S. government could be a template for other industries.

Bessent vows to finish divestitures that ethics office says are late

U.S. Treasury Secretary Scott Bessent said on Wednesday he was working to divest illiquid personal assets including farmland ...

Bessent’s Failure to Fully Divest Assets Raises Concerns at U.S. Ethics Agency

The Treasury secretary has been slow to shed assets, including farmland, posing potential conflicts of interest.

3hon MSN

Bessent rips Pelosi, calls for single-stock trading ban in Congress

Treasury Secretary Scott Bessent called for a ban on lawmakers trading individual stocks, taking a shot at former Speaker Rep ...

2hon MSN

US Treasury's Bessent not in compliance with ethics agreement

U.S. Treasury Secretary Scott Bessent has not divested certain assets as required under government ethics rules and needs to ...

Bessent's calls for Fed rate cuts lure buyers to bond market, send yields lower

U.S. government debt was rallying on Wednesday, pushing yields lower across the board, as traders assessed Treasury Secretary ...

4hon MSN

Bessent presses Europe to align with Trump’s tariff strategy to end Ukraine war

Treasury Secretary Scott Bessent on Wednesday urged Europe to back up President Donald Trump’s strategy of pressuring Russian ...

Treasury's Bessent says he doesn't support suspending monthly jobs reports

Treasury Secretary Scott Bessent defended releasing monthly jobs reports amid accuracy concerns, emphasizing the need for ...

12h

Bessent says interest rates should be 150 to 175 basis points lower

Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...

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