NEC Director Hassett says, with reference to the US jobs report, when they speak next month there will be a better story to tell. The most recent figure is an "outlier"

Energy/Middle East

• Expects energy output to become more stable in the near term.
• Currently, there is no talk of utilising the SPR.
• Once the conflict is resolved, markets will quickly move forward.

Credit/Redemptions/Market Function

• Watching the private credit market closely.
• Seeing nothing like 2008 re. redemptions, seeing a well-functioning market with just a tiny bit of stress
• The private market is functioning well.