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Macro US Stocks

Bessent’s Bond Rescue Fails, Fed’s Warsh Next

Treasury Secretary Bessent’s plan to double long-dated bond buybacks failed to curb rising yields, leading to a dollar drop, gold surge, and Bitcoin rally. Attention now turns to Fed Chair Warsh’s Jackson Hole speech, with markets hoping for clarity on inflation and policy. Analysts suggest an Operation Twist-style move could be needed to stabilize long-term rates.

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