PANews
PANews|Nov 13, 2026 13:23
[US Treasury Secretary Bessant: Fed Should Focus on the Future] According to Jinshi Data, US Treasury Secretary Bessant stated: The Fed should understand that this is an energy supply shock. The Fed should focus on the future. The market is resilient. Bond auctions were strong, and dollar buying was robust. There is confidence in the economy; the economic situation is very good, and there are no alarming signs. Excessive interest rate hikes as the energy supply shock is about to subside would be inappropriate. The Fed should remain open-minded. With gasoline prices falling, we may get a moderate data report next week. He believes the Fed should not shift course due to the energy supply shock. The four strongest bond auctions in 20 years were recently held.
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