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US Treasury Sec. Bessent: Good chance of 50 basis point rate cut
World FX news
Breaking news
US Treasury Sec. Bessent: Good chance of 50 basis point rate cut
New
2025.08.13 21:23
2025.08.13 21:23
2025.08.13 21:23
In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.
Key takeaways
"Think we could go into a series of rate cuts."
"A rate cut would signal an adjustment."
"Working on a big list of committee replacements, will be private sector names."
"Going to cast wide net, 10-11 people."
"No timeline for interviews."
"I don't think the Fed needs to get back into large scale asset purchase."
Market reaction
The US Dollar remains under bearish pressure following these comments. At the time of press, the USD Index was down 0.37% on the day at 97.68.
Last updated
: 2025.08.13
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In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.
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2025.08.13 21:22Gold Price Forecast: XAU/USD ticks up to near $3,360, wobbles around 20-day EMA
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2025.08.13 20:41JPY gains on broader developments ahead of GDP - Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.13 20:27USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum
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2025.08.13 20:26Disclaimer:
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