- Analytics
- News and Tools
- Market News
- Fed’s Hammack: Likely appropriate to hold rates steady for some time
Fed’s Hammack: Likely appropriate to hold rates steady for some time
Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday that it will likely be appropriate to hold interest rates steady for some time, as reported by Reuters.
Key takeaways
"Patient approach to rates will give Fed time to assess economy."
"Fed is well positioned to respond to changes in the economy."
"Monetary policy is only modestly restrictive."
"Risks to inflation right now are skewed to upside."
"There is a lot of uncertainty around government policy."
"Best to take time to assess impact of any tariffs."
"Still not clear inflation will keep moving down to 2%."
"Getting inflation to target is paramount for Fed."
"Fed’s challenge is to lower inflation while keeping job market healthy."
"Economy is in a good place, job market is solid."
Market reaction
The US Dollar Index showed no reaction to these comments and was last seen virtually unchanged on the day at 108.30.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
