financetom
Economy
financetom
/
Economy
/
US Treasury chief urges Fed to cut rates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Treasury chief urges Fed to cut rates
May 25, 2025 11:12 PM

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday called on the U.S. Federal Reserve to cut rates, saying yields on two-year rates were lower than Fed fund rates.

"We are seeing that two-year rates are now below Fed funds rates, so that's a market signal that they think the Fed should be cutting," Bessent said in an interview on Fox Business Network's "Mornings with Maria" program.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US weekly jobless claims fall more than expected; continuing claims rise
US weekly jobless claims fall more than expected; continuing claims rise
Apr 11, 2024
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that the labor market remained fairly tight, though it could be taking longer for some laid off workers to land new jobs. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 211,000 for the week ended April...
July start to Fed rate cuts back in view after data
July start to Fed rate cuts back in view after data
Apr 11, 2024
(Reuters) - The Federal Reserve could start interest-rate cuts as early as its late-July meeting, traders bet on Thursday, after a government report showed producer prices in March rose a bit less than expected.    On Wednesday a higher-than-expected reading on March consumer prices -- the third upside surprise in a row on the monthly inflation readings -- prompted traders...
S&P, Nasdaq rise as fresh inflation data allays rate fears
S&P, Nasdaq rise as fresh inflation data allays rate fears
Apr 11, 2024
(Reuters) -The benchmark S&P 500 and the Nasdaq gained on Thursday after softer-than-anticipated producer prices data soothed investor jitters about sticky inflation, keeping hopes of rate cuts from the U.S. Federal Reserve this year alive. A Labor Department report showed the Producer Price Index(PPI) for final demand rose 0.2% in March, against forecasts of a 0.3% increase, according to economists...
Fed's Williams: Banks should be prepared to use discount window if needed
Fed's Williams: Banks should be prepared to use discount window if needed
Apr 11, 2024
NEW YORK (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that banks need to be prepared to use the Fed's discount window before trouble arrives. Williams, speaking in New York before a banking group, said bank stress from last year showed many banks were not ready to tap Fed liquidity, and the central bank is...
Copyright 2023-2026 - www.financetom.com All Rights Reserved