Bessent says confident that core inflation is going down, Fed will need to cut rates

Treasury Secretary Scott Bessent said he is confident U.S. core inflation will keep declining despite the Iran war, while reiterating his call for the Federal Reserve to cut interest rates. The comments are supportive of a more dovish policy outlook, but the article contains no new data or policy action. Market impact is likely limited unless the remarks influence Fed expectations or rate-sensitive assets.

Analysis

Treasury Secretary Scott Bessent said he is confident U.S. core inflation will keep declining despite the Iran war, while reiterating his call for the Federal Reserve to cut interest rates. The comments are supportive of a more dovish policy outlook, but the article contains no new data or policy action. Market impact is likely limited unless the remarks influence Fed expectations or rate-sensitive assets.