Bessent sees GDP growth booming again this year. Kalshi traders see little chance of that

While Treasury Secretary Scott Bessent believes the U.S. economy can achieve 3% growth this year, traders on Kalshi paint a different picture. Traders on the prediction markets platform give only 14.2% odds that the country's gross domestic product growth this year will be between 2.6% and 3.0%. The contract sees a higher probability that the growth rate will be between 2.1% and 2.5% instead. The contract asks what will be the GDP growth rate in 2026 and will resolve after the GDP growth is verified by the U.S. Bureau of Economic Analysis. Bessent's optimism may stem from his stated belief that the new Federal Reserve chairman, Kevin Warsh , will "satisfy the inflation and the growth mandate." "We can have something with a three in front of it this year," Bessent said in a live interview on CNBC's " Squawk Box ." "The underlying economy has been strong." These comments come as the consumer price index rose at a seasonally adjusted 0.5% from April to May, with the annual inflation rate at 4.2%, according to the Bureau of Labor Statistics. The year-over-year increase was largest gain in three years. GDP in the first quarter this year rose 1.6% after 0.5% annual growth in the fourth quarter of last year. Overall, 2025 saw a 2.1% rise. Bessent also reiterated confidence in his "3-3-3" plan, which consists of boosting GDP growth to 3%, cutting the budget deficit to 3% by 2028, and producing an additional 3 million barrels of oil per day. …