đą No July Rate Cut? Fedâs Hammack Sounds the Alarm on Inflation
đ Federal Reserve Bank of Cleveland President Beth Hammack has made it clear:
đŁ âWeâre not there yet on the inflation side of the mandate.â
đ In a recent interview with Fox Business (via Bloomberg), Hammack expressed serious concerns about persistent inflation â suggesting the Federal Reserve is unlikely to cut interest rates this July.
đ Key Takeaways:
âą Inflation remains too high for a policy shift
âą Rate cut odds for July drop below 5%
âą Markets may need to adjust expectations for easing
đ As businesses and investors watch every Fed signal, Hammackâs remarks emphasize that price stability remains priority #1 â 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