Fed’s Hammack Repeats She Sees No Case For Rate Cut This Month

Federal Reserve Bank of Cleveland President Beth Hammack reiterated that she doesn’t see the case for lowering interest rates this month, with current data showing inflation is still running above the central bank’s 2% target and headed higher.

• “Right now, inflation is still too high, and we’re trending in the wrong direction,” Hammack said in an interview with the Cincinnati Enquirer published Thursday
• Hammack said business leaders are feeling pricing pressure from their suppliers. “Some of it’s tariff-related, some of it’s not tariff-related,” she said. “They’ve been trying to keep prices low to maintain their market share. But that’s not ...