US Treasury Secretary Scott Bessent spoke in an interview on Sudnay:
US Treasury Secretary Bessent welcomes lower stockmarket - says straight up is not healthyHe also made an effort to massage public opinion into accepting a coming recession:
Bessent is a political appointee. As such, Treasury Secretaries usually spend their time talking up the economy. The switch in tone from Bessent is something to pay attention to - a recession and lower stockmarket would seem to be what he is trying to prepare the public for.
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Goldman Sachs have cut their oil price forecasts on the slowdown they see ahead:
cuts its December 2025 Brent crude price forecast by USD 5 to USD 71/bbl sees WTI at USD 67/bbl This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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