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The Congressional Budget Office projects that the Federal Reserve funds rate will remain at 3.4% until 2028.
The Congressional Budget Office projects that the Federal Reserves interest rate will fall to 3.4% in the fourth quarter of 2026.
Hang Seng Index futures closed up 0.65% at 26,312 points in overnight trading, a premium of 163 points.
U.S. Treasury Secretary Bessenter concluded his remarks.
U.S. Treasury Secretary Bessenter: We hope to reduce the deficit as a percentage of GDP by 50 to 100 basis points annually, with the goal of bringing it down to the 3% range.