US Treasury Secretary Scott Bessent said, “Overall, prices are falling, and core inflation is well controlled.” Bessent said that the trade situation between the US and Canada “has had little impact on US prices.” He added that the Iran conflict and Ukraine's determination to destroy Russian energy facilities and refined products are putting upward pressure on energy prices.

US Treasury Secretary Scott Bessent said, “Overall, prices are falling, and core inflation is well controlled.” Bessent said that the trade situation between the US and Canada “has had little impact on US prices.” He added that the Iran conflict and Ukraine's determination to destroy Russian energy facilities and refined products are putting upward pressure on energy prices.