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At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a "K shape," a term used to describe increasing ...
A surprising trend has been showing up in Bank of America accounts over the past few months: The gap between America’s wealthy and poor appears to be narrowing. That’s counter to the narrative we’ve ...
“I can say here definitively, the K-shaped economy is over,” Bessent said in an interview with CNBC’s “Squawk Box” earlier this week. The letter “K” has become shorthand for the diverging economic ...
“I can say here definitively, the K-shaped economy is over,” Bessent said in an interview with CNBC’s “Squawk Box” earlier this week. The letter “K” has become shorthand for the diverging economic ...
Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story. “I do believe the core inflation is slowing,” Bessent said in an interview ...
Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists. By Alan Rappeport Reporting from Washington Treasury Secretary Scott Bessent downplayed ...
Scott Bessent has some good news for consumers this morning: The K-shaped economy is officially over! Consumers on the lower end of the income spectrum are no longer being left behind by their richer ...