Bessent says inflation and bond yields will drop after the Iran war. Others aren't so sure.

Treasury Secretary Scott Bessent says the economy is "accelerating" and inflation, along with bond yields, will come back down once the conflict in Iran ends. "Right now, we have this energy shock that's generated by the Iran conflict, and headline inflation is about 3.5%. But my message is underlying inflation — core inflation — is down to about 2.3%," Bessent said at the Pennsylvania Chamber of Commerce on Monday night. He asserted that median wage growth is in line with headline i