Trump denies directing Bessent on bond market intervention as yields whipsaw
President Trump says he did not direct Treasury Secretary Scott Bessent to double the Treasury's bond buyback program, even though…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
Bessent’s Treasury Intervenes in Bond Market, Raising Questions Over Fed’s Independence
Treasury Secretary Scott Bessent's plan to buy long-term bonds and sell short-term bills to push down borrowing costs is raising…
Trump’s tariff deadline looms as Canada, US remain without a deal
The United States and Canada remain without a final trade deal with less than 11 hours left before 50% tariffs…
Bessent’s bond buyback aimed at calming markets instead stirs inflation worries
The Treasury Department's move to double its debt buybacks was meant to steady long-dated bonds, but inflation expectations have instead…
US and Canada near steel deal with 25% tariff-rate quota
The US and Canada are negotiating a deal that would tax Canadian steel at 25% up to an annual quota,…
