Hammack: The baseline expectation is to keep interest rates unchanged for an extended period.
TechFlame
2026-05-07 14:57
TechFlame2026-05-07 14:57
English
TechFlame reports, according to Jinshi, that Cleveland Fed President Hammack stated that the language in the Fed's policy statement hinting that the next move will be a rate cut does not align with her assessment of the economic outlook. She believes the signal sent by the statement could mislead the market, as her baseline expectation is that interest rates will remain unchanged for a considerable period. Hammack also noted that the economic outlook and future policy path face higher uncertainty, and the duration of the Iran conflict will be a key factor.