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Posted 8 hours ago
US Treasury Secretary Bessent warns Fed against further rate hikes
Treasury Secretary Bessent publicly cautioned the Federal Reserve against additional monetary tightening, signaling fiscal-policy concern over rate trajectory. USD weakness overnight reflects market repricing of Fed policy odds amid post-midterm Democratic control shift. Traders watch for Fed communication shifts and Treasury yield implications for dollar pairs.
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7 hours ago
US Treasury Secretary Bessent warns Fed against further rate hikes
Treasury Secretary Bessent publicly cautioned the Federal Reserve against additional monetary tightening on Fox. With Democrats projected to control Congress following midterm results, fiscal policy and rate expectations remain central to USD direction. USD weakness overnight reflects shifting rate-cut pricing; further dovish signals from administration officials could extend dollar pressure.
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