U.S. Treasury Secretary Scott Bessant said he supports a strong dollar and has no plans to change the government’s debt issuance plans, signaling the administration’s cautious approach to financial markets while, in other ways, the United States is quickly upending the status quo. During his campaign, President Trump expressed concern about the strength of the […]

Treasury Secretary Scott Bessent stated that the Trump administration’s priority for lowering borrowing costs centers on the 10-year Treasury yield rather than the Federal Reserve’s benchmark short-term rate. When asked during a Fox Business interview on Wednesday whether President Trump wants lower interest rates, Bessent replied: “He and I are focused on the 10-year Treasury. He […]

Naoki Tamura, the most hawkish member of the Bank of Japan’s (BOJ) policy board, stated that it is necessary to raise interest rates twice or more by early next year to curb upside risks to prices. During a speech to local business leaders in Nagano Prefecture, central Japan, on Thursday, Tamura said: *”Short-term interest rates […]