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Fed Officials Signal Caution on September Rate Cuts Amid Inflation Focus
Fed Officials Signal Caution on September Rate Cuts Amid Inflation Focus
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BTCCSquare news:
Cleveland Fed President Beth Hammack has cast doubt on the likelihood of an interest rate cut in September, citing recent economic data. "With the information I have now, I WOULD not see a case for reducing rates," Hammack stated at the Jackson Hole Economic Symposium. The Fed remains committed to its 2% inflation target, with monetary policy currently described as "modestly restrictive."
Hammack's stance aligns with other Fed officials, including Chicago's Austan Goolsbee and Atlanta's Raphael Bostic, who emphasize the need for clearer data on tariffs and inflation before considering rate cuts. The absence of significant economic downturn signals suggests the Fed will maintain its current policy stance.
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