Hassett Says Inflation Needs More Work, Handing Hawks a Boost
As seen on the 24/7 Wall St. homepage on October 19, 2026.
A White House economic adviser conceding inflation needs more work hands the hawks cover, and rate-hike odds for October were already climbing before this.
HASSETT: INFLATION LOOKS LIKE IT'S BACK NEEDING SOME WORK
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White House economic adviser Kevin Hassett's admission that inflation is back and needs work hands Federal Reserve hawks a high-profile citation for holding rates higher or raising them further.
Rate-hike odds for October were already climbing before the comment landed, and a signal from inside the administration carries more weight with markets than one from an outside critic.
Bets on a near-term easing pivot now face a fresh headwind from the administration's own words, with rate-sensitive sectors such as utilities and real estate the first place repricing shows up.
Engagement with the post on X reflects how closely traders are tracking any official signal on the inflation outlook right now.