BusinessUS Treasury Secretary Links Rising Bond Yields to Iran Conflict and Economy
US Treasury Secretary Scott Bessent attributes the rise in inflation and bond yields mainly to the energy shock caused by the Iran conflict. He expects inflation and bond yields to fall once the conflict ends. Bessent highlights that core inflation is about 2.3%, and private-sector job growth of around 1 million this year signals a strengthening US economy, despite some disagreement among economists on wage growth.
HT World·




