US Treasury Secretary Scott Bessent commented to the US economy, sanctions and tariffs today. Here is the breakdown.
- The sanctions regime was undermining dollar reserve status.
- Trump asked me to rethink US sanctions regime.
- The underlying economy is healthy. There is no reason for there to be a recession.
- Asking for a guarantee there won't be a recession is silly.
- Reciprocal tariffs won't be automatic 25% plus 25%. For some countries, the April 2 tariff may be low.
- If necessary, we will block an outbound investment.
TNOTE (H1 interval)
The US dollar gains slightly today, reversing early 0.05% decline, rising now nearly 0.1%; TNOTE trading is flat.

Source: xStation5
🔴 ISM Index Shows Troubling Signs, But Market Thrives on De-escalation Hopes
Market Wrap – Data Confirms BoJ Intervention. Waiting for US ISM (05.01.2026)
Chart of the Day: Intervention on the Yen? Tokyo Challenges Speculators (01.05.2026)
🔵 ECB Conference (LIVE)