Bessent: Wage Growth Outpaces Inflation, Dollar Rallies
When the Treasury Secretary publicly blesses real-wage gains, the bond market reads it as fresh fuel for the Fed-cut narrative risk assets have been discounting.
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When the Treasury Secretary publicly blesses real-wage gains, the bond market reads it as fresh fuel for the Fed-cut narrative risk assets have been discounting.
A sub-consensus payroll print paired with a falling jobless rate is the stagflation-adjacent signal the Fed has been watching for, and rate-cut bets repriced within minutes.