Bessent says 'not necessarily' a mistake if the Fed hikes again
Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.
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Treasury Secretary Scott Bessent joined CNBC for an interview on Oct. 28, 2026.
The DoubleLine founder spoke with CNBC's "Closing Bell" on Wednesday after the Fed held interest rates steady.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
The CNBC Fed Survey shows that 93% of respondent expect a pause at the Federal Reserve meeting taking place this week.
Housing data deteriorated further in September, according to separate reports Tuesday.
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.