Gate Ventures

Scott Bessent called for a 50bps interest rate cut in September, followed by a cumulative reduction of at least 150 to 175 bps. US Treasury Secretary Scott Bessent has provided a clear signal regarding future Federal Reserve policy — calling for a 50 basis point rate cut starting in September, followed by a cumulative reduction of at least 150 to 175 basis points. He noted that if the significant downward revisions to nonfarm payrolls by the Bureau of Labor Statistics had been known befor

The impact of bond issuance is accumulating, and the trend of fiscal dominance could accelerate in the coming months. The impact of bond issuance is accumulating, and risks may surface by September, potentially forcing the Fed to implement QE or something similar. According to the latest guidance from the Treasury Borrowing Advisory Committee, the US Treasury is expected to net issue $1tn in treasuries between July and September, including $470bn in long-term bonds. By the end of September, the

The US largely revised previous months’ employment data, while the unemployment rate rose to the highest level since November 2021. In July, the US added 73,000 nonfarm jobs, significantly lower than the expected 104,000. The previous month’s figure was revised down from 147,000 to 14,000, while the cumulative downward revision for the past two months reached 258,000, which is the largest since June 2020. The unemployment rate rose to 4.248%, higher than the expected 4.2% and the previous 4