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Gat
Saw some news this morning: U.S. Treasury Secretary Bessent said their economic growth target for this year is 3%.
At first glance, that number doesn’t seem explosive, but in today’s global economic environment? Honestly, it’s already pretty impressive. It means that the world’s largest economic engine can still maintain a decent speed this year.
In practical terms, this could trigger several chain reactions—if the U.S. consumer market really holds up, friends doing cross-border business might finally catch a break; as the “leader” of the global economy, if they stay steady, it could provide a floor for other markets; and for the Fed, it gives them more flexibility with their policy options, offering more room and timing to adjust interest rates.
That said, this is just a forecast—the real situation won’t be clear until the year-end numbers come out. But when the Treasury Secretary steps up and makes a statement like this, it usually means they have some confidence in their projections.
For such a large economy to maintain stable growth, it’s definitely not bad news for the global market as a whole. In the coming period, we can keep an eye on the Fed’s actions and see how the market responds.