Fed Chair Hammock just made it clear: No rate cut is coming in September.
๐ Highlights:
๐ Current data gives no reason to cut
๐ธ Tariff effects wonโt hit fully until 2026
๐ฅ Inflation still too high & rising
๐ท Labor market remains strong & steady
๐ No big signs of a slowdown yet
๐ Takeaway:
The Fed is laser-focused on fighting inflation, ignoring political heat and market pressure.
Hu