FOMC topside inflation risk surge (from 3 in September to 15 in December)
globalreutersDecember 19, 20241 Mins read 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.
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