hammack

 FED'S HAMMACK SAY'S "WE COULD BE ON HOLD FOR QUITE SOME TIME"
In a NYT interview just out, Cleveland Fed President Hammack laid out the current Fed stance:
"We're in a good spot from a policy perspective. I think we could be on hold for quite some time."

Sees policy settings at "neutral" – neither restrictive nor accommodative.
Important to maintain policy at level that drives inflation back to target while balancing labor market softness.
Too early to tell on AI's economic impact.

Hammack is pushing back against market expectations for imminent cuts.
"On hold for quite some time" = higher for longer.
This contrasts with Waller's dovish dissent last month.
$COOKIE
Market :
ドルが強まっています。利下げ期待が和らいでいます。
リスク資産はこの変化に敏感です。
金曜日の雇用報告は今やさらに重要です。
FRBは分裂しています。ハマックの陣営は維持すると言い、ウォラーの陣営は利下げを言っています。$KITE
3月の会議が面白くなってきました。
$AIXBT
#Fed #Hammack