The latest inflation report shows a cooling trend in price increases, with year-over-year inflation measured at 3.7 percent in September, marking a continued slowdown from earlier spikes. A top White House economic advisor highlighted the data as a sign of progress, suggesting the latest consumer price index reflects improving economic conditions. While the report indicates easing inflation pressures, officials will be closely watching whether this trend sustains in coming months. The comments come as policymakers assess whether recent economic policies are effectively stabilizing prices amid broader financial challenges.
Kevin Hassett, the director of the National Economic Council (NEC), said Wednesday he sees a “bunch of good news” in the latest inflation report, which measured prices as up 3.7 percent year over year in September. Speaking to NewsNation’s Hannah Brandt at the White House, Hassett said the latest consumer price index (CPI) showed a...
