Bessent sees ‘substantial disinflation,’ says U.S. leads in AI - CNBC Interview

U.S. Treasury Secretary Scott Bessent said he expects “substantial disinflation” in the coming months, characterizing the recent oil-price surge as a temporary supply shock rather than a durable inflationary trend. His comments could ease investor fears about persistent inflation and reduce the likelihood of further aggressive Fed tightening, which would be supportive for growth-sensitive assets—notably technology stocks tracked by the US Tech 100. Short-term market reaction may favor risk assets if traders take the outlook at face value, though persistence of elevated commodity prices remains a risk to the disinflation narrative.