Fed President Hints at Inspo for June Rate Cut

Fed President Hints at Inspo for June Rate Cut

Even if the Amazing Kreskin had a PhD in economics, he’d still have struggled to read the Fed’s mind. Many have tried, nearly all have failed.  But there are times that members of the central bank’s monetary policy committee will just blurt out what they’re thinking. That was the case Wednesday, as Cleveland Fed President Beth Hammack — an alternate this year — said “clear and convincing data” could prompt interest rate action, suggesting the ce…

Treasuries rally after Fed’s Hammack revives June rate-cut odds

Treasury yields fell Thursday after comments by a Federal Reserve official bolstered the still-long odds that the central bank will cut interest rates as early as June.

Fed’s Hammack Says Clear Data Could Prompt a Rate Move in June

Federal Reserve Bank of Cleveland President Beth Hammack ruled out a May interest-rate cut but said the central bank could move as early as June if it has clear evidence of the economy’s direction.

While the US administration's policies with an 'America First' approach continue to be decisive in the markets, eyes are on the upcoming Fed interest rate decision. Cleveland Fed President Beth Hammack said at a meeting in May that it was premature to consider cutting interest rates. So, when will the Fed interest rate be announced, in what direction is the expectation in the markets? Here, the details...

Live: A Federal Reserve official in Cleveland ruled out a rate cut...

The stock markets closed upwards on Wednesday, driven by the growing expectation of an early cut in interest rates by the Federal Reserve. Optimism was consolidated following statements by Beth Hammack, president of the Cleveland Fed, who suggested that a drop could come in June if a clear trend in the economy is confirmed. The expectation was reaffirmed with Fed governor Christopher Waller, who warned that the imposition of new tariffs could le…