US Treasury Secretary Bessent signals 'low recession odds' and 'trade war' relief 💵

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