📢 No July Rate Cut? Fed’s Hammack Sounds the Alarm on Inflation

🏛 Federal Reserve Bank of Cleveland President Beth Hammack has made it clear:

🗣 “We’re not there yet on the inflation side of the mandate.”

📊 In a recent interview with Fox Business (via Bloomberg), Hammack expressed serious concerns about persistent inflation — suggesting the Federal Reserve is unlikely to cut interest rates this July.

🔑 Key Takeaways:

• Inflation remains too high for a policy shift

• Rate cut odds for July drop below 5%

• Markets may need to adjust expectations for easing

🔍 As businesses and investors watch every Fed signal, Hammack’s remarks emphasize that price stability remains priority #1 — even as pressure mounts for rate relief.

#FederalReserve #InterestRates #Inflation #FOMC #Macroeconomics

https://coingape.com/hammack-raises-inflation-concerns-amid-fed-rate-cut-push/?utm_source=bnb&utm_medium=coingape