US Treasury Secretary Bessant said inflation could fall to near 2% by mid-2026.
This assessment comes as he monitors macroeconomic variables that could impact financial markets and risky asset classes, including cryptocurrencies. He also reiterated his expectation that US GDP growth could reach 3% by 2025.
- Bessant: Inflation could fall to near 2% by mid-2026.
- US GDP growth is expected to reach 3% by 2025.
- The statement was released on February 13th.
US inflation forecast: nearly 2% by mid-2026
Bessant said inflation could fall to nearly 2% by mid-2026.
The statement, recorded on February 13th, focused on the medium-term inflation trajectory. The near-2% mark is a threshold often used by the market to assess the extent to which price pressures have "cooled down."
In the short term, this information primarily serves as macroeconomic data to monitor market developments. The accompanying text emphasizes that this is market information only, not investment advice.
Growth target: GDP growth of 3% by 2025
Mr. Bessant reiterated that US GDP growth is very likely to reach 3% by 2025.
This reiterates the outlook on growth prospects, coinciding with a forecast that inflation will fall to near 2% by mid-2026. Both GDP and inflation are key indicators that investors monitor to gauge expectations regarding economic policy and risk sentiment.
In the cryptocurrency market, such macroeconomic updates are often placed within the broader context of liquidation volatility and risk appetite, even if the original content doesn't specify a direct impact or particular scenario.
