TL;DRBessent endorses optionality in the abstract while telling you which way he thinks the option should be exercised."

TL;DRBessent endorses optionality in the abstract while telling you which way he thinks the option should be exercised." | Hanami

TL;DR

Bessent endorses optionality in the abstract while telling you which way he thinks the option should be exercised.

"Cut rates" (from January) has by August become "don't hike."