White House NEC Director Hassett says this is the best inflation report we have seen in about 6 years

Newsquawk Staff · 14 Jul 2026, 14:08 UTC

Energy prices have come down a lot.
Gasoline deflation on the way.
Realistic to get gasoline prices to USD 3 a gallon.
Seeing a hiccup in prices because of the Iranians.
Respect independence of the Fed.

What our latest note said

US Market Open, 22 Oct, 10:37 UTC · what it led with

Iran's IRGC Navy warned that US efforts to encourage passage could result in strikes on US bases.
Iran's Major General Rezaei said Iran has presented seven new conditions through mediators and will neither reopen the Strait of Hormuz nor resume negotiations until they are met.

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Headlines that moved markets

Headlines from our feed, and what the market did next.

Australian Employment Change (Jul) -15.8K vs. Exp. 15K (Prev. 76.3K)
AUD/USD−0.3%
Iran and US talks continue, and reports that the deal is close are wrong.
WTI crude+1.5%
Mediation efforts said that "Qatar and Pakistan presented a 'compromise proposal' that meets the demands of both the American and Iranian sides", Al Araby Al Jadeed reports citing sources.
WTI crude−4.6%

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