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via reuters.comEconomy

Bessent says Fed should not hike over energy shock tied to Iran war

FROM THE WIRE · REUTERS.COM

US Treasury Secretary Scott Bessent said on Friday that the Federal ​Reserve should have an open mind and not hike rates ‌because of an "energy supply shock" tied to the Iran war.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralTreasury comments on monetary policy affect rate expectations and government bond yields.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Treasury Secretary Scott Bessent spoke on Friday.
  2. 02He said the Fed should keep an open mind and not hike rates.
  3. 03The reason cited is an energy supply shock tied to the Iran war.

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