US NEC Director Hassett says US inflation numbers have been fantastic in recent reports, CNBC interview
Newsquawk Staff ·
US NEC Director Hassett says US inflation numbers have been fantastic in recent reports, CNBC interview.
What it means
Remarks from NEC directors on inflation sit in a familiar category: White House commentary that celebrates the data rather than interprets it. The pattern in past administrations has been that the economic adviser publicly affirms favourable prints as validation of policy, while the front end looks through such talk because it carries no decision authority over the rate path. The distinction that has historically mattered is between cheerleading and signalling: advisers tip their hand on administration preferences for Fed action, and episodes where the White House has leaned publicly toward easier policy have tended to steepen the curve only when paired with personnel pressure on the central bank, not from commentary alone. Hassett's prior form across roles has been consistently dovish-leaning and market-friendly, so the tone fits the established record. The follow-ons that count are whether other administration voices amplify the framing ahead of the next inflation print and whether it prefaces any fresh pressure on Fed leadership. As commentary from outside the rate-setting body, the signal is political rather than monetary.
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran
- Kroger (KR) CEO says will push back on price increases unless it is appropriate, and seeing a little bit of inflation pushing through right now, reports CNBC
- Newsquawk European Market Wrap - 21st October 2026
- Canadian PM Carney is expected to announce tariff support measures for the steel and automotive sectors
- ECB's Kazaks says that some more policy tightening might be necessary if inflation continues to reside above target; recent rise in yields has already tightened financing conditions, Econostream reports
Related headlines
- [MARKET ANALYSIS] A relatively contained start for fixed, EGBs hit by TTF, Gilts weighed on by CPI11 hours ago
- South African CPI (Sep MM) 0.4% (Prev. 0.0%)12 hours ago
- CRUDE WRAP: WTI (Z6) SETTLES USD 0.67 LOWER AT 97.15/BBL; BRENT (X6) SETTLES USD 0.03 HIGHER AT USD 108.82/BBL1 hour ago
- Ukrainian President Zelensky says supports US proposal for trilateral talks at level of negotiators as soon as possible; Ukraine hopes for meeting not later than early November; Meeting could discuss peace and possible leaders’ summit1 hour ago
- Meta (META) must pay USD 25bln in penalties, a New Mexico judge ruled after jury found company misled consumers about privacy2 hours ago
- US Treasury sells USD 13bln of 20-year bonds; tails 0.9bps2 hours ago
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure3 hours ago
- Israeli helicopters flying in the sky of southern Syria, and continued transfer of military forces, equipment and deployment of early warning systems, are being carried out within the framework of preparation for a possible war with Iran, reports Mizan3 hours ago
- Auction History: US Treasury to sell USD 13bln of 20-year bonds on 21st October; to settle on 22nd October3 hours ago
- Newsquawk Daily US Earnings Estimates - 22nd October 2026: BX, LMT, VLO, PG, UNP, WDC, NEM, SPOT4 hours ago
- US EIA Weekly Crude Production (% Change) -3.00% (Prev. -2.14%)5 hours ago
- US EIA Weekly Crude Production Change bbl -410k (Prev. -300k)5 hours ago
- US EIA Weekly Crude Production 13.269M (Prev. 13.679M)5 hours ago
- US EIA Distillate Stocks Change (Oct/16) 1.675M vs. Exp. -1.2M (Prev. -2.527M)5 hours ago
- US EIA Distillate Fuel Production Change (Oct/16) 0.043M (Prev. -0.101M)5 hours ago