A post by @DeItaone on X.
BESSENT: TO HIKE TOO MUCH INTO AN ENERGY SUPPLY SHOCK WHEN IT'S COMING DOWN IS A NOISY NUMBER
@DeItaone on X
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Treasury Secretary Scott Bessent said that raising interest rates too aggressively while an energy supply shock is already easing would amount to reacting to a "noisy number." The remark, delivered via a post from Walter Bloomberg's @DeItaone account, signals caution about over-tightening policy at a moment when energy-driven inflation pressures may be fading. It matters because the comment frames the debate over whether rate hikes should slow as supply-side distortions unwind, a stance that could shape expectations for the path of policy. What to watch next is whether other officials echo Bessent's view and whether incoming energy and inflation data validate the argument that the shock is coming down.
Muhabbit's AI wrote this summary of @DeItaone's post in its own words. It can get details wrong, so read the post on X.
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Bessent