Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.<\/p>\n
Treasury Secretary Scott Bessent<\/strong> expressed confidence in the trajectory of the U.S. economy, citing key deflationary trends, tax policy changes, and incoming tax refunds for working Americans.<\/p>\n Commenting on the nation\u2019s domestic economic picture, Bessent said that \u201cthings look great,\u201d while appearing on Fox Business\u2019 Larry Kudlow<\/strong>.<\/p>\n \u201cI think 2026, 2027 are going to be great years,\u201d he said, pointing to President Donald Trump\u2019s<\/strong> recently enacted tax reforms, with \u201cno tax on tips, no tax on overtime, no tax on Social Security, deductibility of auto loans for American cars,\u201d which Bessent said is helping boost real income.<\/p>\n Trending: Amazon and NVIDIA Partnered With This Robot Chef \u2014 Now Individual Investors Can Too<\/a><\/strong><\/p>\n \u201cYou might recall, I am also the IRS commissioner, so I can see what\u2019s going on at the IRS,\u201d he said, adding that during the first quarter of next year, working Americans are going to see \u201csubstantial tax refunds,\u201d as a result of the reforms enacted in recent months.<\/p>\n According to Bessent, many workers had kept their withholding levels unchanged, which refers to the deductions made by employers from their employees\u2019 gross wages. This, he said, when combined with tax refunds, will translate into a noticeable jump in disposable income.<\/p>\n Bessent said that the administration has the affordability crisis, which he referred to as the \u201cBiden inflation,\u201d under control, noting that \u201cenergy prices are down,\u201d while adding that the Consumer Price Index numbers too should \u201cstart coming down,\u201d either the next month, or the month after that.<\/p>\n See Also: The \u2018ChatGPT of Marketing’ Just Opened a $0.81\/Share Round \u2014 10,000+ Investors Are Already In<\/a><\/strong><\/p>\n September\u2019s Consumer Price Index report has been delayed for over 9 days and is set to be released on Friday morning, with economists saying that it could have an outsized impact on the Federal Reserve\u2019s interest rate decisions next week.<\/p>\n This is largely because CPI data is arriving in isolation, without key companion reports like jobs numbers, wholesale inflation, or retail sales, forcing both the Fed and the markets to lean heavily on inflation alone to guide their decision-making.<\/p>\n Last month, it was reported that 72% of the components in the Consumer Price Index were seeing a price surge that was ahead of the Fed\u2019s 2% inflation target. This marked a significant jump from 55% a year ago and was primarily attributed to Trump\u2019s tariffs.<\/p>\n While crude oil prices were on a decline in recent weeks, the Trump administration\u2019s decision to impose sanctions on two of Russia\u2019s largest oil companies this week has since led the commodity to rally once again.<\/p>\n Crude oil futures currently trade at $61.45 per barrel, up 6.80% over the past week, following the administration\u2019s sanctions on Russian crude.<\/p>\n Photo Courtesy: Maxim Elramsisy On Shutterstock.com<\/p>\n Trending Now:<\/strong><\/p>\n Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, professional financial guidance, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.<\/p>\n Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100<\/strong><\/a>. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.<\/p>\n Vinovest lets investors diversify into fine wine<\/a> \u2014 a historically stable, low-volatility asset class that has outperformed the S&P 500 over multiple decades<\/strong><\/a>. With professionally managed portfolios, secure storage, and insurance included, users can invest in wine without needing to be experts themselves. Minimums start at $1,000, and investors retain full ownership of their wine, which has the potential to appreciate in value as global demand grows.<\/p>\n For those seeking fixed-income style returns without Wall Street complexity, Worthy Property Bonds offers SEC-qualified, interest-bearing bonds starting at just $10<\/strong><\/a>. Investors earn a fixed 7% annual return, with funds deployed to small U.S. businesses. The bonds are fully liquid, meaning you can cash out anytime, making them attractive for conservative investors looking for steady, passive income.<\/p>\n Self-directed investors looking to take greater control of their retirement savings may consider IRA Financial. The platform enables you to use a self-directed IRA or Solo 401(k) to invest in alternative assets such as real estate, private equity, or even crypto<\/strong><\/a>. This flexibility empowers retirement savers to go beyond traditional stocks and bonds, building diversified portfolios that align with their long-term wealth strategies.<\/p>\n Moomoo isn’t just for trading \u2014 it’s also one of the most attractive places to park cash. New users can earn a promotional 8.1% APY on uninvested cash<\/strong><\/a>, combining a 3.85% base rate with a 4.25% booster once activated. On top of that, eligible new users can also score up to $1,000 in free Nvidia stock\u2014but the real draw here is the ability to earn bank-beating interest rates without having to move into riskier assets.<\/p>\n SoFi gives members access to a wide range of professionally managed alternative funds<\/strong><\/a>, covering everything from commodities and private credit to venture capital, hedge funds, and real estate. These funds can provide broader diversification, help smooth out portfolio volatility, and potentially boost total returns over time. Many of the funds have relatively low minimums, making alternative investing accessible.<\/p>\n Range Wealth Management takes a modern, subscription-based approach to financial planning. Instead of charging asset-based fees, the platform offers flat-fee tiers that provide unlimited access to fiduciary advisors along with AI-powered planning tools<\/strong><\/a>. Investors can link their accounts without moving assets, while higher-level plans unlock advanced support for taxes, real estate, and multi-generational wealth strategies. This model makes Range especially appealing to high-earning professionals who want holistic advice and predictable pricing.<\/p>\n For investors concerned about inflation or seeking portfolio protection, American Hartford Gold provides a simple way to buy and hold physical gold and silver within an IRA or direct delivery<\/strong><\/a>. With a minimum investment of $10,000, the platform caters to those looking to preserve wealth through precious metals while maintaining the option to diversify retirement accounts. It’s a favored choice for conservative investors who want tangible assets that historically hold value during uncertain markets.<\/p>\n This article Scott Bessent Says Things Are Looking Up For The US Economy: 2026, 2027 Are Going To Be ‘Great Years’ Thanks To Trump’s Tax Reforms<\/a> originally appeared on Benzinga.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. 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