Bessent: Fed Pause Cuts, Oil $100+

U.S. Treasury Secretary Scott Bessent said the Fed should pause rate cuts as oil prices exceed $100 per barrel amid the Iran war.
He noted inflation surged three‑fold in March versus February, driven by oil and gas, but expects the rise to be transitory.
Bessent highlighted the economy was “very strong” after January‑February, and Fed funds futures show rates likely to stay steady this year.