Asia · Financial press · The Economic Times

US Treasury chief says Fed should not hike rates over energy shock tied to Iran war

Published by The Economic Times · India 1 h ago

Detailed summary

During his speech, US Treasury Secretary Scott Bessent advocated for the Federal Reserve to keep an open mind about interest rate adjustments. He pointed out that the current economic indicators could be skewed due to a supply shock from the ongoing conflict in Iran. Despite recent market volatility, Bessent stressed that the US economy remains robust.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Opening of the article, excerpted from The Economic Times. To read the rest, open the article on the publisher's site.

Read the full article on The Economic Times Sign in to save

MarketNews shows the headline and summary published by the outlet. The full article is on the publisher's website. (economictimes.indiatimes.com)

US Treasury chief says Fed should not hike rates over energy shock tied to Iran war

Detailed summary

Also worth reading

China could tighten rare earths exports if US escalates chip curbs over Nvidia: analysts

Moonshot Executive Says AI Agents Could Handle Long-Horizon Tasks Within Months

Quad leaders eye Manila meeting on economic, strategic security