White House economic advisor Brainard stated that the economy is 'upbeat' and inflation is being anchored at 2%. Consumer confidence and spending reflect Americans' faith in their personal finances. There is very strong disinflation on goods, tempering the situation. The US sentiment is expected to keep improving. Brainard also mentioned that China's slowdown and Red Sea disruptions are risks for the US economy but appear contained.
"Stocks are up again. Good news for The White House" -- @tysonbrody
BRAINARD: ECONOMY IS 'UPBEAT,' #INFLATION GETTING ANCHORED AT 2%
🔸 BRAINARD: THE VERY STRONG DISINFLATION ON GOODS IS TEMPERING
🔴 WH ECONOMIC ADVISOR BRAINARD: THE VERY STRONG DISINFLATION ON GOODS IS TEMPERING.
🔴 WH ECONOMIC ADVISOR BRAINARD: WE EXPECT US SENTIMENT TO KEEP IMPROVING.
🔴 WH ECONOMIC ADVISOR BRAINARD: THE ECONOMY IS UPBEAT, INFLATION IS GETTING ANCHORED AT 2%.
* WHITE HOUSE ECONOMIC COUNCIL DIRECTOR BRAINARD: ECONOMY IS 'UPBEAT,' INFLATION GETTING ANCHORED AT 2% * WHITE HOUSE'S BRAINARD: CONSUMER CONFIDENCE AND SPENDING SHOWS AMERICANS' FAITH IN THEIR PERSONAL FINANCES @reuters
🔴 WH ECONOMIC ADVISOR BRAINARD: CHINA'S SLOWDOWN AND RED SEA DISRUPTIONS ARE RISKS FOR THE US ECONOMY BUT APPEAR CONTAINED.
🔴 WH ECONOMIC ADVISOR BRAINARD: CONSUMER CONFIDENCE AND SPENDING SHOWS AMERICANS' FAITH IN THEIR PERSONAL FINANCES.
🔴 WH ECONOMIC ADVISOR BRAINARD, ASKED ABOUT LOWERING TARIFFS TO REDUCE CONSUMER COSTS: GOODS ARE ALREADY SEEING DISINFLATION.
🔸 BRAINARD: ECONOMY IS 'UPBEAT,' INFLATION GETTING ANCHORED AT 2%