The Latest Breaking News from Kevin Hassett

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.86%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.20%. December E-mini S&P futures (ESZ25 ) rose +0.33%, and December...

The dollar index (DXY00 ) on Wednesday fell by -0.50% and posted a 5-week low. The dollar was undercut by Wednesday’s weak Nov ADP report, which was dovish for Fed policy and cemented expectations for a Fed rate cut at next week’s FOMC meeting. The dollar failed to find support...

Economist Kevin Hassett currently serves as the Director of the National Economic Council, but could soon find himself named the next Federal Reserve Chairman, based on prediction market odds and comments from President Donald Trump.

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.18%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.06%. December E-mini S&P futures (ESZ25 ) are up +0.16%, and December...

The dollar index (DXY00 ) today is down by -0.38% at a 5-week low. The dollar was undercut by today’s weak Nov ADP report, which was dovish for Fed policy. The dollar recovered from its worst level today after the Nov ISM services index unexpectedly rose to a 9-month high....

The S&P 500 Index ($SPX ) (SPY ) today is down by -0.15%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.49%. December E-mini S&P futures (ESZ25 ) are down -0.17%, and December...

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up by +0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up by +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.84%. December E-mini S&P futures (ESZ25 ) rose +0.21%, and December...

The dollar index (DXY00 ) on Tuesday gave up an early advance and fell slightly by -0.08%. The dollar turned lower on Tuesday after T-note yields gave up an early advance, weakening the dollar's interest rate differentials. Strength in stocks on Tuesday was bearish for the dollar as it reduced...

Mohamed El-Erian calls for a visionary, less reactive Fed just as Trump settles on his next chair, with Hassett leading and independence fears resurfacing.

The dollar index (DXY00 ) on Monday fell to a 2-week low and finished down by -0.05%. The yen’s strength is weighing on the dollar on Monday after BOJ Governor Ueda signaled a possible interest rate hike at this month’s policy meeting. Also, Monday’s weaker-than-expected Nov US ISM manufacturing index...

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”