Bessent: I’ll leave the rockets to Elon, he can leave the finances to me

Forex Short News
  • What we’ve seen so far is that tariffs haven’t hurt
  • I’m going to stick with the market’s take, not economists
  • A huge amount of trade with Vietnam is transshipment from China
  • I would say that tariffs are not inflationary
  • Greer will be working over the weekend on EU trade
  • Countries should be careful, their rate could boomerang back to April 2 rate
  • Japan has an election July 20, we will see what happens afterwards
  • Both sides thought the UK was an excellent deal
  • A lot of the jobs today were created by state and local governments
  • Overall it was a good jobs number but it can depend on things like when teachers were hired or left payrolls
  • I think we are going to see capex take off after the budget bill
  • Lots of good candidates for Fed chair, will start working on that in the fall

There’s nothing newsworthy here.

This article was written by Adam Button at www.forexlive.com.