Fed’s Hammack Prefers ‘Slightly More Restrictive’ Rates
Market Intelligence Analysis
AI-PoweredFederal Reserve Bank of Cleveland President Beth Hammack advocates for slightly more restrictive interest rates to combat persistent inflation, suggesting that current policy is near neutral. This stance indicates a continued focus on inflation control, which may influence market expectations regarding future rate hikes.
Market impact analysis based on bearish sentiment with 77% confidence.
Article Context
Federal Reserve Bank of Cleveland President Beth Hammack said policy at the moment is right around neutral, but she would prefer interest rates to be slightly more restrictive to keep putting pressure on inflation, which is still running too high. Hammack spoke Friday during an event in Cincinnati. (Source: Bloomberg)
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