Treasury Secretary Scott Bessent stated on Wednesday that the US economy is positioned to return to 3% annual growth before the end of the year, citing the approaching conclusion of the conflict with Iran as a key catalyst for renewed expansion.
The remarks come as global equity and fixed-income markets navigate heightened volatility, with traders closely monitoring a dense calendar of upcoming US economic data releases.
Bessent’s projection suggests that the administration views the de-escalation of geopolitical tensions as a significant tailwind for domestic economic activity, potentially reversing recent headwinds caused by supply chain disruptions and elevated energy costs.
Handelsavisen has previously reported that Bessent indicated the Treasury Department would oversee the release of frozen Iranian funds following the conflict, prioritizing US agriculture and medicine exports.
This policy shift underscores the administration's focus on leveraging diplomatic resolutions to stimulate trade and economic stability.
Investors are now assessing whether this optimistic growth outlook will translate into tangible market repricing, particularly in rate-sensitive sectors and Treasury yields.