Bond market clearly sees this rate cut cycle to be far more justified than the one in Sep 2024…. Bessent drops a bombshell saying interest rate sectors are already in recession… Inflation is still soaring?
not sure about that? pic.twitter.com/R1DilijKUf — Michael J. Kramer (@MichaelMOTTCM) November 23, 2025 US TSY SEC BESSENT REMARKS: “Interest rate sensitive sectors are in recession, but I’m confident about 2026 growth.” “Inflation is being driven by services rather than imported goods.” “We should see an announcement this week regarding health …