Bessent Warns of Hot Inflation Prints as Falling Oil Points Back to Disinflation

4 articles · Updated · Devdiscourse · May 14

Beijing-based Treasury Secretary Scott Bessent said the U.S. should brace for temporarily hot inflation readings before price pressures resume easing.
Falling energy costs underpin that view: Bessent said oil markets are pricing in lower crude prices, helped by expectations the Strait of Hormuz will reopen.
Kevin Warsh, newly confirmed as Federal Reserve chair, will have flexibility to look through short-term inflation spikes if the broader disinflation trend reasserts itself.
The comments extend Bessent's broader message that recent inflation heat reflects a temporary oil-driven supply shock rather than a lasting break from disinflation.

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