On May 14, Treasury Secretary Scott Bessent stated that the U.S. will experience significant disinflation following one or two more hot inflation numbers. Bessent's comments come as Kevin Warsh is poised to take over as the chair of the Federal Reserve.
Market expectations for rate cuts fade as persistent inflation and reports of Kevin Warsh joining the Fed leadership coincide with a surging AI IPO boom.
Read the full storyMorgan Creek Capital's founder suggests BTC has bottomed this cycle, citing global money printing and fiat devaluation as long-term bullish catalysts.
Secretary Scott Bessent engaged in high-level Beijing discussions covering AI cooperation, trade relations, and energy market stability between the two nations.
Treasury Secretary Scott Bessent anticipates a significant cooling of U.S. inflation following a brief period of elevated data, as Kevin Warsh prepares to lead the Fed.