2025-11-16 21:16:00
U.S. Treasury Secretary Scott Bessent spoke with Fox News on Sunday.
- rare earths deal with China will “hopefully” be done by Thanksgiving
- confident China will honor agreements on rare earths
Is this the best he can do? Hoping and expressing confidence.
We all know it’s a clown show right now. The hope for investors is some sort of Fed put if it all falls apart. Right now a December 10 Federal Open Market Committee (FOMC) rate cut looks in doubt:
- four voting Fed officials (Collins, Musalem, Goolsbee and Schmid — who dissented against the October cut) are now openly signalling they are not looking for another reduction in December
This article was written by Eamonn Sheridan at investinglive.com.
