Fed’s Hammack: May too early for rate cut, eyes June for clearer data

Cleveland Fed President Beth Hammack told CNBC that it’s “too soon” to consider easing interest rates at the May 6-7 FOMC meeting. Emphasizing the need for patience, Hammack said she prefers to “take our time” and monitor how the economy evolves rather than acting prematurely. While Hammack stressed an open-minded approach to every meeting, she […]

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