Finance head Scott Bessent recognizes the American economy’s positive direction, yet highlights recent declines in the financial markets, which he connects to worries regarding President Trump’s commercial approaches.
Based on CME Group’s FedWatch tool, market participants currently foresee the central bank reducing borrowing costs on three occasions during the current year. This represents a notable alteration compared to the prior month, when the general view of the market was for only a single rate reduction. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America