TechFlow, June 24 — According to Jinshi Data, Federal Reserve's Hammack stated that interest rates are only moderately restrictive, and officials may keep borrowing costs steady for some time. On Tuesday, Hammack said the Fed still has "a ways to go" before reaching its inflation target despite recent progress. She also noted that official data reflects past conditions and may not fully capture the current situation, including how recent oil price increases could push up inflation expectations. Hammack added, "Policy will likely remain unchanged for quite some time before the committee begins very gradual rate cuts to bring policy back toward neutral."
Add to Favorites
Share to Social Media
