💥 Macro Outlook — U.S. Liquidity Catalyst Ahead 🇺🇸
U.S. Treasury Secretary Scott Bessent expects $100–150B in tax refunds to hit U.S. households in early 2026, creating a sizable liquidity injection into the real economy.
Why markets care • Direct cash boosts consumer spending
• Supports real wage growth as tax burdens ease
• Improves risk sentiment if growth holds while inflation cools
This type of fiscal liquidity often shows up first in consumption data, then filters into risk assets as confidence builds. Combined with lower tax rates, 2026 could open with a materially stronger demand backdrop.
Macro tailwinds are forming — timing and confirmation will matter
