Bessent: 'I think we're going to see substantial disinflation'

• Expectation of 'substantial disinflation' in the U.S. economy.
• This disinflation is predicted to occur after one to two more 'hot inflation numbers'.

Scott Bessent, as quoted, anticipates 'substantial disinflation' in the U.S. economy. This disinflation is expected to follow one or two more 'hot inflation numbers', suggesting a near-term period of continued high inflation before a significant slowdown.