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Bessent: We are at very high interest rates here, hope things take off by September #MacroEdge
Bessent predicts a market surge around Labor Day in September. He notes current interest rates are very high. 📈💼
Bessent Expects Things to Improve by Labor Day in September, Notes High Real Interest Rates. 🕒📈
US Treasury Secretary Bessent projected economic growth exceeding 3% and anticipated an acceleration in private sector investment following the passage of a recent tax and spending bill. He indicated that economic activity is expected to pick up significantly by Labor Day in September, despite currently very high real interest rates.
