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Relief And Anxiety
Relief And Anxiety By Jane Foley, Senior FX strategist at Rabobank News that Scott Bessent is the top choice for incoming US Treasury Minister has raised the possibility that some ‘Trump trades’ may be watered down. Bessent, a successful macro hedge fund manager, is associated with a preference to reduce the US budget deficit to 3% of GDP, which clearly suggests less appetite for deficit spending. At the same time he is reportedly in favor of stripping back regulation to raise
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