Treasury Secretary Bessent says economy could be 'starting to roll a little bit'
Portfolio Pulse from
Treasury Secretary Scott Bessent indicates the U.S. economy might be experiencing a transition phase, moving away from public spending towards private sector activity. He acknowledges potential economic weakness, describing the current situation as a 'detox period' from government spending. The comments come amid rising unemployment, modest job growth, and the implementation of new trade policies under the Trump administration.
March 18, 2025 | 11:30 am
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NEUTRAL IMPACT
The S&P 500 ETF might experience fluctuations as the economy shifts from public to private spending and adjusts to new trade policies.
The potential economic transition and uncertainty could lead to market index volatility, with impacts balanced between positive and negative factors.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 70