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Kevin Hassett, Director of the White House National Economic Council, highlighted recent positive economic indicators in the United States during a Fox News interview. He cited last week’s job report, which surpassed expectations with the addition of 10,000 manufacturing jobs and 9,000 auto jobs. Hassett also pointed out today’s inflation data, which showed the lowest core inflation rate in four years.
"The economic news we’ve been seeing is really wonderful," Hassett said. "It’s way above expectations of economists."
According to Hassett, these developments reflect the success of President Trump’s economic policies. He emphasized the impact on mortgage markets, suggesting that the positive response is due to confidence that the government will not engage in excessive money printing and spending. He noted that the government is implementing disciplined spending practices and is currently negotiating a budget deal that aligns with this approach.
Hassett also mentioned that the positive economic trends are likely to be reflected in both real data and consumer sentiment. His comments come on the heels of a series of meetings with CEOs who were in Washington, D.C. for the Business Roundtable meeting. These business leaders reportedly shared a consensus that the economy is currently exhibiting strong performance.
The economic outlook, as discussed by Hassett, has been echoed in reports and coverage by major news outlets, including the Wall Street Journal. The combination of job growth, low inflation, and a disciplined fiscal policy appears to be fostering a favorable environment for both the mortgage market and broader economic sentiment.
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