WH Adviser Hassett: US is way behind the curve on lowering interest rates

White House adviser Kevin Hassett indicated that the Federal Reserve is lagging in cutting interest rates, despite the U.S. economy showing stronger than expected growth in Q3. The remarks highlight concerns that the Fed may need to act more decisively as market pressures build due to positive economic indicators. The sensitivity of the markets to interest rate changes suggests that any shift in Fed policy could have significant repercussions, particularly affecting U.S. Treasury yields and the movement of the dollar. As such, traders should remain vigilant, given that future Fed actions will play a pivotal role in determining market direction. Currently, the signal remains neutral focusing on the economic data and policy decisions ahead.