US White House NEC Director Hassett says inflation is going down at an microeconomic level; core inflation averaging 2.6% past six months
The comment from NEC Director Hassett about declining inflation at a microeconomic level, coupled with recent core inflation data, suggests a potentially improving outlook that could alleviate pressure on the Fed to be overly hawkish.
Iran has reportedly deployed deep-roaming submarines in the Strait of Hormuz
US White House NEC Director Hassett says "we are going into the Trump-Xi meeting very ambitious"
US White House NEC Director Hassett says inflation is going down at an microeconomic level; core inflation averaging 2.6% past six months
France's Europe Minister says France will not bow to pressure to conclude the EU's budget negotiations by the end of 2026, Politico reports
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Fed:
- Not going to give advice about Fed rates.
- Guess off-ramp for Chair Powell is inspector general report.
His statements also indicate a level of uncertainty regarding future rate decisions, which might keep market participants cautious as they assess the implications for monetary policy and economic growth moving forward.
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