A post by @FirstSquawk on X.
FED'S HAMMACK SAYS THERE ARE REAL DEMAND PRESSURES CONTRIBUTING TO HIGH INFLATION
@FirstSquawk on X
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Cleveland Fed President Beth Hammack said real demand pressures are contributing to elevated inflation, signaling that price pressures are not solely supply-driven. The remark matters because it supports the case for keeping policy restrictive, reducing the likelihood of near-term rate cuts. Traders should watch upcoming inflation and demand data, along with further Fed commentary, for confirmation of how persistent officials view those pressures.
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Federal Reserve, Hamack