Markets Fade as China Calls Reports of U.S. Tariff Talks ‘Baseless’

Treasury Secretary Scott Bessent argues that the American dream is about more than cheap televisions, but inflation-weary consumers might disagree.

The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the $10,000 annual limit.

Trade-war angst has put pressure on the greenback this year. Wall Street thinks it’s about to get worse.