Bessent says US unlikely to resume large-scale Iran combat, steps up economic pressure

US Treasury Secretary Scott Bessent said that the US President Donald Trump administration’s plan to crush Iran’s economy will likely negate the need for major US military operations against the Islamic Republic, CNBC reported on Thursday. “If we are doing the maximum economic pressure, then that means that likely there will not be a large-scale […]

The Dollar Index takes its floor from a Fed non-voter

The Dollar Index has spent Thursday building a floor just above 98.50 and defending it with everything the calendar had to offer, and the entire effort is worth roughly a tenth of a point. A five-year high in Philadelphia manufacturing, a jobless claims beat and a hawkish regional Fed voice have between them lifted the […]