US White House NEC Director Hassett says inflation is going down at an microeconomic level; core inflation averaging 2.6% past six months
Fed:
- Not going to give advice about Fed rates.
- Guess off-ramp for Chair Powell is inspector general report.
Context
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. 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.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#NEC CORP#ECONOMIC COMMENTARY#EU SESSION#US SESSION#INFLATION#WHITE HOUSE