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Bessent stokes flames for interest rate cuts, blaming housing crisis on high rates
The U.S. Secretary of the Treasury Scott Bessent has recently made worrying statements regarding the state of the housing market as a means of justifying interest rate cuts, as other factors like strong inflation data and weak job growth contribute to the accelerating rise in probability of such cuts in the next few months. U.S. Treasury Secretary Scott Bessent, Jim Watson/Getty Images. Bessent, a strong supporter of the Trump administration's push to cut rates down significa
Alexangel Ventura
Nov 32 min read
Rate Cut Shock: Will This Move Spark Another Inflation Surge?
This week the U.S. Federal Reserve cut interest rates by a quarter point, bringing the federal funds rate down to 4.00 % to 4.25 %, the...
Ishaan Satija
Sep 171 min read
Federal Reserve commits to first interest rate cut in 9 months
Following extensive debate in the Federal Reserve's September meeting, a resolution was decided to cut interest rates by a modest 25...
Alexangel Ventura
Sep 172 min read
What to expect in this week's Fed meeting
On September 16th, the Federal Reserve initiated its first wave of meetings, expecting to touch on relative near-future interest rate...
Alexangel Ventura
Sep 162 min read
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