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Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
Cleveland Fed President Beth Hammack dissented against the Fed's easing bias this week, saying it is no longer appropriate given uncertainty about the economic and inflation outlook. The easing bias signals a rate cut is the likely next move, and markets price assets around that expectation.
Cleveland Fed President Beth Hammack told CNBC on Wednesday that interest rates are likely on hold 'for a good while,' with no imminent move expected. The comments reinforce the Fed's wait-and-see stance while keeping both cuts and hikes as possibilities. Markets pricing near-term easing may need to reprice further out
Tag
Cleveland Fed President Beth Hammack said interest rates will stay on hold for an extended period, citing high economic uncertainty and a risk that an "inflationary mindset" becomes entrenched after five years of sharp price increases.
1mo ago · 2 min · Economy
Cleveland Fed President Beth Hammack dissented against the Fed's easing bias this week, saying it is no longer appropriate given uncertainty about the economic and inflation outlook. The easing bias signals a rate cut is the likely next move, and markets price assets around that expectation.
2mo ago · 1 min · Markets
Cleveland Fed President Beth Hammack told CNBC on Wednesday that interest rates are likely on hold 'for a good while,' with no imminent move expected. The comments reinforce the Fed's wait-and-see stance while keeping both cuts and hikes as possibilities. Markets pricing near-term easing may need to reprice further out
2mo ago · 1 min · Economy
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