Treasury’s Bessent Says Markets Signal Fed May Cut Rates

US Treasury Secretary Bessent said in a CNBC interview that financial markets appear to be reflecting expectations of potential Federal Reserve rate cuts. According to Bessent, investors are focusing on underlying economic fundamentals that could justify lower borrowing costs. She added that monetary policy decisions are determined by the entire Federal Open Market Committee, not solely by the Fed Chair, underscoring the collective nature of forthcoming rate deliberations.