🇺🇸 US TREASURY SECRETARY SCOTT BESSENT — KEY TAKEAWAYS
Scott Bessent just shared several important points on the U.S. fiscal outlook:
1️⃣ Treasury buybacks will be conducted routinely.
2️⃣ Buybacks could exceed $4 billion, with part of the move aimed at sending a signal to markets.
3️⃣ He is likely to announce a stronger push to reduce the budget deficit.
4️⃣ There is nothing “magic” about the $40 trillion debt level — the U.S. can potentially grow its way out of it.
5️⃣ The U.S. already reduced its deficit in 2025 to 5.7% of GDP.
6️⃣ Tariff refunds are temporarily pushing the deficit higher and are not expected to be repeated.
7️⃣ Higher oil prices are headline inflation, while core inflation remains a key focus.
📊 Markets will be watching closely for the impact on Treasury yields, the dollar, and risk assets.
$AVAAI $ACE
#USA #ScottBessent #Treasury #Inflationdata
Scott Bessent just shared several important points on the U.S. fiscal outlook:
1️⃣ Treasury buybacks will be conducted routinely.
2️⃣ Buybacks could exceed $4 billion, with part of the move aimed at sending a signal to markets.
3️⃣ He is likely to announce a stronger push to reduce the budget deficit.
4️⃣ There is nothing “magic” about the $40 trillion debt level — the U.S. can potentially grow its way out of it.
5️⃣ The U.S. already reduced its deficit in 2025 to 5.7% of GDP.
6️⃣ Tariff refunds are temporarily pushing the deficit higher and are not expected to be repeated.
7️⃣ Higher oil prices are headline inflation, while core inflation remains a key focus.
📊 Markets will be watching closely for the impact on Treasury yields, the dollar, and risk assets.
$AVAAI $ACE
#USA #ScottBessent #Treasury #Inflationdata