U.S. National Economic Council Director Hassett Calls June CPI the Best Inflation Report in About 6 Years
U.S. National Economic Council Director Kevin Hassett stated that the June CPI is the "best inflation report in about 6 years," particularly noting that core inflation has dropped to 2.6% year-on-year, nearing the Federal Reserve's target. This statement reinforces market optimism regarding slowing inflation. Market mechanisms have led to declining bond yields, with funds flowing into risk assets, boosting the stock and cryptocurrency markets. Source: Public Information
ABAB AI Insight
Hassett, as an economic advisor to Trump, has previously commented on data multiple times, similar to his optimistic statements during the inflation cycle, guiding market expectations and policy space through positive interpretations. On the capital path, institutions are increasing risk exposure based on signals of easing inflation, shifting funds from defensive assets to growth stocks and commodities, strategically positioning for a potential easing environment. Similar to market reactions during the inflation decline period of 2023-2024, the current economy is at a critical verification stage of converging inflation towards targets. Essentially, this is a structural judgment; the drop in core inflation to 2.6% in June marks the Federal Reserve's target nearing realization, with mechanisms involving both supply-side and demand easing working together to open a window for flexible monetary policy adjustments and boost overall economic confidence. ABAB News · Cognitive Law 1. The best inflation report opens the window for policy easing 2. Core indicators nearing targets outweigh overall volatility 3. Advisor statements directly amplify market optimism.