Hassett foresees oil relief, sees room for Fed cuts if energy prices fall (USO:NYSEARCA)
9 Articles
9 Articles
Hassett: Energy prices will drop ‘like nothing you’ve ever seen before’ when strait is reopened
National Economic Council Director Kevin Hassett said energy prices are going to fall “like nothing you’ve ever seen before” once Iran reopens the Strait of Hormuz. “Well, you know, I can’t really talk about the ongoing negotiations and the strikes, but what I can say is that as soon as the straits are open, then…
NEW: NEC Director Hints At Oil Price Plunge That Could Ease Inflation Pain
Director of the National Economic Council Kevin Hassett made a guest appearance on “Sunday Morning Futures” to discuss the current state of the U.S. economy. His conversation with host Jackie DeAngelis touched on key indicators of optimism in the stock market, alongside concerns about rising oil prices. “The stock market is soaring. There is no doubt about that,” DeAngelis observed. She highlighted the backdrop of optimism surrounding advancemen…
Trump economist points to 'great signs' of easing inflation, predicts fuel costs will 'plummet' with Iran deal
National Economic Council Director Kevin Hassett attempted to ease concerns over rising fuel costs on Sunday, as hopes of a deal with Iran to reopen the Strait of Hormuz linger on the horizon."We expect energy prices as soon as there's a deal to plummet," he told Fox News' Jackie DeAngelis."And when that happens, then there'll be a lot of room for the Fed to do the right thing and lower rates..."Hassett's remarks come shortly after Trump-nominat…
Bitcoin Iran-deal rally faces its real test in oil flows and Fed pricing
The Bitcoin Iran deal rally on renewed U.S.-Iran deal optimism is a credible first-order macro signal. The move still needs confirmation in oil flows, gasoline prices, inflation compensation, and Fed pricing before traders can treat it as a reopened path to rate cuts. The immediate market logic is straightforward. A reported framework could extend the ceasefire for 60 days, reopen the Strait of Hormuz, allow Iranian oil sales through sanctions w…
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