Treasury Secretary Scott Bessent said the Trump administration’s focus with regard to bringing down borrowing costs is 10-year Treasury yields, rather than the Federal Reserve’s benchmark short-term interest rate.

There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a tool to accomplish his administration’s aims will end up boosting inflation,

Donald Trump announced steep new tariffs on Canada, Mexico and China on Sunday But on Monday the additional tariffs on Canada and Mexico were paused for 30 days Although the US’s additional tariffs on China are lower than those announced for Canada and Mexico,