US Treasury Secretary Bessant: Core inflation is close to target; inflation is expected to fall sharply next month.

U.S. Treasury Secretary Bessant stated that core inflation remains moderate and is close to the Federal Reserve's target, and he expects the inflation rate to decline significantly next month. Bessant warned the Federal Reserve against tightening monetary policy and urged it to look forward. Furthermore, both US President Trump and Bessant expressed confidence in Federal Reserve Chairman Kevin Warsh's ability to fulfill his dual mandate. (Source: Sina Finance)