Kevin Hassett, director of the White House National Economic Council, expressed optimism over recent Consumer Price Index (CPI) data, suggesting it indicates the effectiveness of President Trump’s economic policies. This comes amid a backdrop of rising inflation, with the CPI report indicating a year-over-year increase to 4.0% in May and expectations of a further rise to 4.2% for June 2026. The increase is partly attributed to the universal import tariffs ranging from 10% to 25% introduced by Trump in April 2025. Meanwhile, Uber remains in active negotiations for a deal related to its $10 billion shift towards autonomous vehicle infrastructure.
Key Takeaways
Hassett’s comments appear to suggest confidence in Trump’s policies despite the CPI indicating rising inflation.
The ongoing increase in inflation is consistent with scenarios reflecting the impact of Trump’s import tariffs.
Market pricing suggests that Hassett’s remarks could influence expectations regarding Federal Reserve decisions.
