Reported about 3 hours ago
Scott Bessent's appointment as Treasury Secretary by President-elect Donald Trump has sparked cautious optimism in the markets, as some investors worry the anticipated economic policies may lead to a fleeting rally. Bessent is seen as a conventional pick, but experts caution that Trump's unpredictability and proposed tariffs could counteract any positive momentum in the stock market. Concerns remain about the implications of Trump's economic strategies and the potential for inflation due to tariffs.
Source: YAHOO