EconomyUS Treasury warns against rate hikes during US-Iran war energy ‘shock’

Treasury Secretary Scott Bessent urged the Federal Reserve not to raise interest rates in response to an “energy supply shock” linked to the US-led conflict with Iran, saying the underlying US economy is strong. CME FedWatch nevertheless puts a December hike at 89.4 percent. The US added 165,000 jobs in October, while energy prices remain elevated.

Federal Reserveinterest ratesenergy pricesUS-Iran conflict

AAl Jazeera★★★★☆2026-11-13 16:22Original