Treasury Secretary Scott Bessent said Thursday that financial markets are pricing in a high likelihood of the Federal Reserve cutting interest rates before the end of the year amid concerns about tariffs pushing inflation higher.Bessent, during an appearance on Fox News' "Special Report with Bret Baier," said after the Fed held interest rates steady for its fifth straight meeting in late July citing concerns about tariff-induced inflation squeezing consumers was "somewhat a lack of logic" in how they viewed tariffs' impact on the economy."On one side, they were saying we need to wait, risk man...

6 days ago

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