Street Calls of the Week
Investing.com -- National Economic Council adviser Kevin Hassett said Friday that inflation is decelerating, which takes pressure off the Federal Reserve, during an appearance on Fox Business.
Hassett also addressed President Donald Trump’s decision to pause trade negotiations with Canada, saying Trump is "frustrated" with the progress being made.
"A ’time out’ is the right call when you’re frustrated," Hassett said, referring to Trump’s move to call off talks with Canada.
Despite the current pause, Hassett indicated that discussions would resume, saying he expects Trump to "talk to Canada again by end of term."
The comments follow a social media post by President Trump accusing Canada of cheating on tariffs and attempting to "illegally influence the United States Supreme Court." In his post, Trump claimed Canada has "long cheated on Tariffs, charging our farmers as much as 400%."
Trump also referenced a Canadian advertisement about Ronald Reagan’s position on tariffs, calling it fraudulent and thanking the Ronald Reagan Foundation for "exposing this FRAUD."
U.S. stock index futures rose Friday after September consumer prices data came in lower than expected.
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