US Treasury Secretary Bessent: Rates are up due to energy shock, housing has slowed
US Treasury Secretary Bessent: Rates are up due to energy shock, housing has slowed
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U.S. Stock Futures Rise as Bessent Attributes September Inflation to Energy Shock
U.S. stock futures rose Monday, with the Dow, S&P 500 and Nasdaq 100 higher. Treasury Secretary Scott Bessent said September’s hotter inflation reading reflects an “energy shock” and argued prices would ease after the Iran conflict.