Bessent: Another Fed Rate Hike Would Not Necessarily Be a Mistake

• —Bessent told CNBC on Oct. 28 that a future hike is "not necessarily" a mistake
• —The Fed held rates in October after its first hike in three years
• —Fed funds futures widely price another rate increase in December
• —Bessent urged the Fed to keep an open mind that the Iran war energy shock may be transitory