Treasury Secretary Bessent says US not facing broad recession

Sunday, November 23, 2025 at 17:22 UTC+01:00 (+0100), United States, Washington, D.C.

News category : Macroeconomic Events

Treasury Secretary Scott Bessent told NBC's "Meet the Press" that while the recent 43-day government shutdown inflicted an estimated $11 billion permanent hit to output, the U.S. economy as a whole was not at risk of slipping into recession. He pointed to resilient segments of activity and anticipated policy moves (tax and interest-rate easing) that could support growth into 2026. Markets treated the interview as a constructive political signal: reduced odds of an imminent, economy-wide downturn lower downside risk for consumer spending and corporate earnings projections, encouraging repositioning toward cyclical exposure. Observers noted that Bessent's comments were one input among many and that incoming hard data will determine policy makers' next steps.

Overall market impact

Mild bullish market impact - strength score : 70/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

US equities

Interest-rate futures

USD FX pairs

Treasury yields

Consumer cyclicals

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