Prices consumers pay for a variety of goods and services rose slightly in July, according to the Federal Reserve's main inflation gauge.The personal consumption expenditures price index, which the Fed uses as its preferred forecasting tool, increased a seasonally adjusted 0.2% for the month, putting the annual inflation rate at...
Category: Economy
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
The Treasury could use its near $1 trillion General Account to help fund its recently announced plans to increase purchases of government bonds, according to two senior Treasury officials.Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields. The Treasury surprised markets last week with...
Bessent says there’s a ‘very good chance’ U.S. budget deficit under Trump has peaked
Treasury Secretary Scott Bessent said Thursday there's a "very good chance" that the U.S. budget deficit under President Donald Trump has likely peaked."We are going to be laser focused," Bessent told CNBC's Sara Eisen in an exclusive interview a day after his department's extraordinary debt buyback announcement.The monthly U.S. budget...
Bessent’s bond gambit aimed at calming markets is instead stirring inflation worries
Scott Bessent, Treasury Secretary, speaking a the CNBC Invest in America Forum in Washington, D.C. on April 15th, 2026. CNBCInvestors over the past several days have priced in a likelihood of higher inflation ahead, a potential sign that the Treasury Department's efforts this week to improve liquidity in the government...
Bessent’s efforts in the Treasury market so far haven’t worked. Here’s what else he can try
Treasury Secretary Scott Bessent speaks to members of the media outside the White House in Washington, Aug. 20, 2026.Yuri Gripas | Abaca | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent insisted Thursday that he has multiple weapons at his disposal to quell liquidity problems in the government debt market and...