Daily Market Updates: Hassett says no clear reason for the Fed to raise rates

Bonds & Rates

Home›Bonds & Rates›Central Banks›Hassett says no clear reason for the Fed to raise rates

Hassett says no clear reason for the Fed to raise rates

He pointed to a consumer price index print that came in much lower than expected, attributing the result to President Donald Trump’s policies.

Reported · Written up by our desk · Central Banks

CNBC Markets reports that Kevin Hassett said there is no clear excuse for the Federal Reserve to raise interest rates, citing the latest consumer price index reading.

Hassett argued that the softer than expected inflation data removes the case for additional tightening, and he credited President Donald Trump’s policies for the outcome.

← Newer storyUS PPI falls in June as energy-led goods prices drop Older story →Duck Creek acquires Send Technology Solutions to unify underwriting w…

More like this

Bonds & RatesBank of Canada holds overnight rate at 2.25% amid easing inflation outlook

Bonds & RatesNew York Fed president says inflation has peaked

Bonds & RatesBuffett backs Kevin Warsh as best available choice for Fed chair

Bonds & RatesRenewed Hormuz tensions add uncertainty to ECB rate outlook

Bonds & RatesJapan PM rejects link between economic blueprint and surging bond yields

Sources

CNBC MarketsHassett sees no 'excuse' to raise rates, says Warsh will push Fed to 'right answer'

Bonds & Rates

Hassett says no clear reason for the Fed to raise rates

More like this

Sources

Get the close, explained.