BESSENT: FED SHOULD STAY ON HOLD AMID IRAN WAR US Treasury Secretary Scott Bessent says the Fed should “wait and see” on rate cuts as the Iran war keeps inflation risks elevated, including from the Strait of Hormuz disruption. He expects cuts eventually, but says uncertainty justifies caution. The Fed remains on hold despite pressure from President Trump. Markets now price a 58% chance of no rate cuts in 2026, the highest in months. https://kalshi.com/markets/kxratecutcount/number-of-rate-cuts/kxratecutcount-26dec31?utm_source=walterbloomberg(*Walter Bloomberg)