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2026-04-09 04:38:11
[Hassett: Friday's CPI Data Will Include the Surge in Energy Prices] White House economic advisor Kevin Hassett, referencing the Cleveland Federal Reserve's forecasts, indicated that Friday's Consumer Price Index (CPI) "will include the sharp rise in energy prices we've seen recently," but prices will subsequently "return to normal levels." Hassett stated that the surge in spot crude oil prices "will subside very quickly." He also said, "We have implemented many measures and expect that Vance and his team will finalize a peace agreement over the weekend, at which point the situation will return to normal quite quickly."
