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Fed’s Hammack signals holding rates steady for months: report
Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change US interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street Journal reported on Sunday. Hammack opposed recent rate cuts as she is more worried about elevated inflation than the potential labor-market fragility that prompted officials to lower rates by a cumulative 75 basis points over the past few months, the report added. Hammack told the Journal that the Fed didn’t need to change its benchmark interest rate, currently in a range between 3.5% and 3.75%, at least ... (full story)
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yudhasby
Dec 22, 2025 12:49am
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