US Treas Sec Bessent uses the four-letter word on China agreement - 'hope'

U.S. Treasury Secretary Scott Bessent spoke with Fox News on Sunday.

• rare earths deal with China will "hopefully" be done by Thanksgiving
• confident China will honor agreements on rare earths

Is this the best he can do? Hoping and expressing confidence.

We all know it's a clown show right now. The hope for investors is some sort of Fed put if it all falls apart. Right now a December 10 Federal Open Market Committee (FOMC) rate cut looks in doubt:

• four voting Fed officials (Collins, Musalem, Goolsbee and Schmid — who dissented against the October cut) are now openly signalling they are not looking for another reduction in December