{"id":439292,"date":"2026-10-02T21:40:05","date_gmt":"2026-10-02T14:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/nec-director-kevin-hassett-us-jobs-report-says-the-us-consumer-is-very-strong-439292\/"},"modified":"2026-10-02T21:40:05","modified_gmt":"2026-10-02T14:40:05","slug":"nec-director-kevin-hassett-us-jobs-report-says-the-us-consumer-is-very-strong","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/nec-director-kevin-hassett-us-jobs-report-says-the-us-consumer-is-very-strong-439292\/","title":{"rendered":"NEC Director Kevin Hassett: US jobs report says the US consumer is very strong"},"content":{"rendered":"<div>\n<p>White House NEC Director Kevin Hassett discussed the US jobs report and the administration\u2019s economic outlook on Bloomberg TV:<\/p>\n<ul>\n<li>The jobs report was broadly in line with expectations, and the data point to a very strong consumer.<\/li>\n<li>He expects a strong holiday shopping season.<\/li>\n<li>The administration respects the Federal Reserve\u2019s independence.<\/li>\n<li>He attributes higher bond yields to the strength of the economy.<\/li>\n<li>The government\u2019s current interest payments are unacceptably high.<\/li>\n<li>President Trump is committed to reducing the deficit.<\/li>\n<li>The administration does not want to use inflation to reduce the real value of its debt.<\/li>\n<li>He described the situation between Fed Chair Warsh and Powell as unusual.<\/li>\n<\/ul>\n<p>Analysis: Hassett\u2019s message is upbeat of course. The White House sees consumers continuing to spend and expects that strength to carry into the holiday season. He is also presenting higher yields as a reflection of a strong economy.<\/p>\n<p>The challenge is that higher yields also make the government\u2019s debt more expensive to finance. Reducing the deficit would help address that burden, but traders will want to see the policies behind the promise. For the economy, the key question is whether consumer spending can remain strong if job creation stays subdued and yields move higher.\u00a0\u00a0<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>White House NEC Director Kevin Hassett discussed the US jobs report and the administration\u2019s economic outlook on Bloomberg TV: The jobs report was broadly in line with expectations, and the data point&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439292","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439292"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439292\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}