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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