Treasury Secretary Bessent expects consumer prices to drop starting next month amid economic recovery

U.S. Treasury Secretary Scott Bessent offered some optimism for consumers, saying he expects price relief to arrive sooner rather than later."Things look great, and they're good now. I think 2026 and 2027 are gonna be great years," Bessent told FOX Business’ Larry Kudlow on Wednesday."This affordability crisis, we've gotten it under control. The first thing to getting it under control was stopping the Biden inflation," he continued. "Now that we've done that … energy prices are down. I think that housing prices are a lagging indicator, especially in rates. So I think we could see that the CPI