Bloomberg
US · 2 hrs ago
✦ 78◉ Centre
Markets 'Terribly Wrong' to Price in Rate Hike, Kevin Hassett Says
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Quality 78/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Kevin Hassett, the National Economic Council Director, argues that financial markets are incorrectly pricing in a Federal Reserve interest rate hike for the year, while noting strong US job growth in May.
Markets 'Terribly Wrong' to Price in Rate Hike, Kevin Hassett Says
The markets are "terribly wrong" to price in an interest rate hike this year by the Federal Reserve, says National Economic Council Director Kevin Hassett. He speaks on "Bloomberg Open Interest." US job growth topped all estimates in May. (Source: Bloomberg)
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