BREAKING NEWS: Fed Chair Hammock Rules Out September Rate Cut 🇺🇸

Federal Reserve Chairman Hammock has delivered a strong message on U.S. monetary policy, dashing hopes for a September rate cut.

🔑 Key Highlights:

The Fed sees no justification to lower rates in September based on current macroeconomic data.

Tariffs are only starting to affect the economy, with the full impact expected in 2026.

Traditional views that tariffs cause a one-time economic shock may not apply this time.

Inflation remains too high and shows signs of accelerating, posing the Fed’s biggest challenge.

The labor market (unemployment rate) remains one of the most reliable gauges of U.S. economic health.