Bessent to Focus on Yields, BOE Decision, Chip Concerns | Bloomberg Brief 02/06/2025
February 6, 2025
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43:06Now PlayingBessent to Focus on Yields, BOE Decision, Chip Concerns | Bloomberg Brief 02/06/2025
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as posted by the channelUS Treasury yields hover near this year's lows after Treasury Secretary Scott Bessent signaled that the Trump administration would focus more on the 10-year Treasury yield rather than the Federal Reserve's rate path. The Bank of England is expected to deliver a third-straight rate cut. Sharon Bell of Goldman Sachs says that the US economy has delivered the perfection which their equities reflect, and Bessent aims to maintain the goldilocks state markets are rewarding. ADP's Nela Richardson points to manufacturing as a sector to watch for potential tariff impact on hiring. Anthony Fobel of Arcmont discusses his outlook for private credit amid uncertainties around President Trump's policies. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
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