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Treasury Secretary Bessent just dropped a Fed rate-cut bombshell

U.S. Treasury Secretary Scott Bessent, in a stunning turnaround for the Trump administration, says he could understand if Federal Reserve officials want to wait to observe economic developments related to the Iran war before they resume cutting ​interest rates.But the secretary added he was quite confident that U.S. core ‌inflation would continue to go down despite the war, Reuters also…

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