US NEC Director Hassett says blockbuster jobs numbers the last two months and 'rip-roaring' jobs market, Bloomberg TV interview
Hassett's comments suggest a strong labor market, signaling resilience in the economy without immediate inflationary pressures that could force the Fed to act on rates.
Iran Foreign Ministry Spokesperson says Iran's response to US plan to end war is under review; action taken last night was a gross violation of the ceasefire
IRGC navy warned vessels to stay away from US warships in the Strait of Hormuz after overnight skirmishes, saying that sometimes it needs to teach “Yankees” a lesson, according CNN; Adds chances of successful, amicable resolution remain minimal
US NEC Director Hassett says blockbuster jobs numbers the last two months and 'rip-roaring' jobs market, Bloomberg TV interview
Explosion heard in Iran's Sirik city, near the Strait of Hormuz, with reasons unknown, Mehr News reports
US military undertook additional airstrikes, targeting several empty tankers which were attempting to break the blockade en route to Iran, Fox's Griffin reports
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AI:
- On AI job loss, says now seeing AI job creation.
- People should use AI tools for career protection.
- Data showing people using AI tools for their jobs.
Monetary Policy:
- Core inflation has remained stable, despite oil and jobs.
- No sign of runaway inflation for Fed to raise rates.
- Think we'll see rate cuts this year because of Warsh.
Trade:
- Studying options on latest tariff ruling.
- Greer will have more today on latest trade ruling.
- Expects EU trade deal by July 4th.
- Expect EU to meet July 4th deadline.
Admin:
- No chance admin would in any way do a debt default.
- Believe in a strong Dollar.
- Seeing growth needed to get deficit under control.
While he anticipates potential rate cuts, the stable core inflation reinforces that current economic conditions may not necessitate a tightening, impacting expectations across fixed income and the broader market. This insight may lead traders to reassess their positions and sentiment surrounding the Fed's upcoming decisions.
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