NEC Director Hassett says should look at the average of job numbers and they are seeing a productivity boom, via CNBC TV
Newsquawk Staff ·
- Expects 4% growth this year.
- Speaking on Iran, says some deception now but expects energy stabilization with Venezuelan oil.
- No discussion of SPR release any time soon.
What it means
Director Hassett's comments highlight a positive outlook for job numbers, suggesting the market consider averages rather than anomalies, which could point to sustained economic strength. The mention of a productivity boom aligns with a potential 4% growth estimate, impacting expectations for growth and inflation. Additionally, his remarks on energy stabilization involving Venezuelan oil suggest potential shifts in supply dynamics—particularly relevant for commodities traders.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- US Energy Secretary Wright says Iran war has come at a cost
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT
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