U.S. Treasury Secretary Scott Bessent told FOX Carolina that pump prices and other essentials will fall once the country gets “on the other side” of the Iran war, though he gave no timeline. Ahead of a Trump midterm rally at Clemson, he said the administration has created 1 million private-sector jobs this year. He argued the president has kept four signature promises: no tax on tips or overtime, limited tax on Social Security (with 85% of seniors not paying tax on it), and deductibility of auto loans. He acknowledged an energy price shock but pointed to falling rent and prescription drug prices, and food prices up about 1.8% this year.
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Scott Bessentoil pricesIranDonald Trump
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.09 |
| Change that session | +0.53% |
XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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