Bessent Dismisses “Tariffs as a Tax” Narrative — Says AI Could Drive U.S. Job Boom Amid Falling Mortgage Rates
In a recent MSNBC interview, U.S. Treasury Secretary Bessent struck an optimistic tone about the American economy, dismissing fears that tariffs automatically translate into higher consumer costs and highlighting what he called a “gigantic drop in mortgage rates.”
ADP’s Job Data Sends Mixed Signals — Is the U.S. Labor Market Losing Its Momentum?
The ADP employment data, long considered a preview of the official U.S. jobs report, is quickly becoming a market mover — and this week’s update left traders puzzled.