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US Treasury Secretary Bessent said that although yields on some AI-related debt have risen to double digits, new cloud service providers account for a limited share of the overall AI industry, financing risks do not yet constitute a major problem, and related financing transactions are still proceeding, with companies such as Meta also beginning to raise funds through equity issuance. He also said that future Federal Reserve rate hikes would not necessarily constitute a policy error, and that an open mind should be maintained in assessing whether the energy shock is only temporarily pushing up inflation. Bessent also expects that after the US-Iran conflict ends, global oil supply will become ample, helping to ease inflation and lower borrowing costs.