Fed’s Hammack: No case for rate cuts as inflation trends wrong way

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Cleveland Fed President Beth Hammack signaled little appetite for near-term easing, telling Yahoo Finance that if the FOMC were meeting tomorrow she “would not see a case for reducing interest rates.” She stressed that inflation has been “too high for the past four years” and it’s been “trending in the wrong direction” currently, justifying a […]The post Fed’s Hammack: No case for rate cuts as inflation trends wrong way appeared first on Action Forex.