Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this week, ...
Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term ...
“He is not calling for the Fed to lower rates,” Bessent told Fox Business on Wednesday. Instead, he said, the Trump administration is focused on lowering the 10-year Treasury yield.
A look at some of the key business events and economic indicators upcoming this week. Eye on inflation The Labor Department issues its latest report on inflation at the consumer level Wednesday.
California’s largest private insurer, State Farm, is seeking a 22% average rate increase for homeowners. In a letter urging the California Department of Insurance (CDI) to "immediately approve ...