FOMC topside inflation risk surge (from 3 in September to 15 in December)

December 19, 2024
-FCHFX

December 19, 2024 at 12:45AM
Federal Reserve Bank of Cleveland President Beth Hammack was a dissent at the Federal Open Market Committee (FOMC) on Wednesday, saying “No” to a rate cut. Preferred a hold.

I’ll come back to this.

The Wall Street Journal’s Fed insider Nick Timiraos (who gave us the scoop on what was coming before it happened) has posted this;

From 3 to 15! That’s 5x! A huge jump.

My question is, why was Hammack the only dissent? Groupthink alert folks …

This article was written by Eamonn Sheridan at www.forexlive.com.

FOMC topside inflation risk surge (from 3 in September to 15 in December)

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