December 06, 2024 at 05:00PM
Comments from Beth Hammack from Cleveland:
Says she has an ‘open mind’ about December meeting, more data is coming
Market view of one cut between now and late January is reasonable
Slowing pace of rate cuts allows Fed time to sound economy
Data will drive what the Fed does with mon pol
Fed has more work to do to cool inflation
Economy is strong, labor market is healthy
Labor market has become better balanced
Hammack doesn’t have a long track record as a hawk/dove but she’s certainly not teeing up a cut in December here, if anything the comments put more emphasis on CPI and retail sales before the FOMC.
The final scheduled Fed comments are at 1 pm ET from Daly.
This article was written by Adam Button at www.forexlive.com.