Fed’s Hammack: It’s likely appropraite to hold rates steady for ‘some time’

The market isn’t fully priced for a cut until September, which is certainly ‘some time’ so I don’t see this kind of signalling as material.

• Patient approach to rates will give the Fed some time to assess the economy
• Fed is well-positioned to respond to changes in the economy
• Risks to inflation are now skewed to the upside
• Monetary policy is now ‘modestly restrictive’
• Best to take time to assess impact of any tariffs
• Economy is in a good place and the jobs market is solid

Hammack is a hawk.

This article was written by Adam Button at www.forexlive.com.