Separately, the Labor Department said that U.S. productivity decelerated to a 1.2% annual growth rate during the fourth quarter, down from a 2.3% rise in the prior three-month period.
Scott Bessent stressed that Trump’s focus is on lowering the 10-year Treasury yield, not pushing the Fed for rate cuts. The "3-3-3" plan aims to cut the deficit to 3% of GDP, increase oil output by 3M ...