Newsquawk Logo

White House Economic Advisor Hassett says the increase in oil prices will reverse, adds there is room for Fed to cut, Bloomberg reports

Hassett's comments suggest a more dovish tone regarding the Fed's policy, indicating potential room for rate cuts, which could influence market expectations and the USD negatively if perceived as a signal to ease monetary policy.

Newsquawk StaffPublished On the live feed at — 8 more headlines followed before this page went public
Newsquawk headlinesUTC

US CENTCOM says no ships made it through the US blockade in the first 24 hours

Dubai Economic Development Corporation CEO says Dubai is looking to sign ‘a few’ US investment deals this quarter

White House Economic Advisor Hassett says the increase in oil prices will reverse, adds there is room for Fed to cut, Bloomberg reports

South Korea is reportedly in negotiation with Iran to pass ships through Hormuz; "The South Korean Ship Owners' Association has also proposed to pay tolls for passing through the Strait of Hormuz to Iran as a short-term solution", Fars reports

Shell (SHEL LN) shuts down 200k bpd crude unit at its Dutch Pernis refinery, Reuters reports citing Genscape

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.
Context

His expectation of reversing oil prices may also suggest less inflationary pressure in the near term, impacting inflation outlooks that are crucial for Fed decision-making. Overall, this could lead to shifts in asset allocations across fixed income and commodities markets as traders recalibrate expectations based on these insights.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.