Trump eco adviser Hassett (remember him?) admits oil price spike will raise inflation
News brief
Hassett then goes on to try to soften the blow. Kevin Hassett is Director of the National Economic Council in Trump's White House. Says the oil price spike will raise the CPITries to soften the blow saying it'll be a 'one time' thing. Yeah, right. Info via Fox. This article was written by Eamonn Sheridan at investinglive.com.
Why traders care
For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment.
What to watch next
- Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
Hassett then goes on to try to soften the blow. Kevin Hassett is Director of the National Economic Council in Trump's White House. Says the oil price spike will raise the CPITries to soften the blow saying it'll be a 'one time' thing. Yeah, right. Info via Fox. This article was written by Eamonn Sheridan at investinglive.com. Kevin Hassett is Director of the National Economic Council in Trump's White House. . Says the oil price spike will raise the CPI Tries to soften the blow saying it'll be a 'one time' thing. Kevin Hassett is Director of the National Economic Council in Trump's White House. Says the oil price spike will raise the CPI Tries to soften the blow saying it'll be a 'one time' thing. Yeah, right. Info via Fox. For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.
