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Macro· August 07, 2026 at 05:41 AM
Treasury Secretary Scott Bessent downplayed the impact of inflation on lower-income Americans, declaring that the “K-shaped” economy — shorthand for the divergent fortunes of the rich and poor — is a thing of the past. Read more: https://nyti.ms/3RE1pQS - facebook.com
Authored by·Editorially reviewed
Onur Erkan YıldızFounder, Financial Engineer · CMB-licensed
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
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AI summary
Treasury Secretary Scott Bessent downplayed the impact of inflation on lower-income Americans, declaring that the “K-shaped” economy — shorthand for the divergent fortunes of the rich and poor — is a thing of the past. Read more: https://nyti.ms/3RE1pQS facebook.com
AI commentary is generated from public news feeds and is not investment advice.