A post by @FirstSquawk on X.
FED'S HAMMACK SAYS MOST RECENT INFLATION DATA SHOW ITS MOVING IN WRONG DIRECTION
@FirstSquawk on X
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Cleveland Fed President Beth Hammack said the most recent inflation readings are moving in the wrong direction, signaling renewed concern at the central bank about price pressures. The remark, delivered via First Squawk, comes as markets weigh the path of interest rates. It matters because pushback from Fed officials can temper expectations for near-term easing. Investors will watch upcoming inflation prints and other Fed speakers for confirmation of whether the disinflation trend is stalling.
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Named in this story
Federal Reserve, Thomas Hamack