Fed's Hammack: We will be very affected person in contemplating future fee cuts

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  • Financial coverage is just reasonably restrictive
  • We nonetheless have an inflation downside
  • Restrictive coverage continues to be wanted for some time frame to regulate inflation
  • We additionally nonetheless have a rate-of-change downside that must be addressed
  • Thought that 75 bps fee reduce for 2024 was acceptable again in September

This text was written by Justin Low at www.ubaidahsan.com.



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