Live On Fox Business, Fed's Hammack Says The Job Market Is Broadly In Balance; Latest Inflation Data In Line With Expectations; Fed Policy Needs To Be Restrictive; Expects Slow Progress On Inflation, Should End Year Around 3%; Next Year Inflation Might Ease To Around 2.5% 'At Best'; Goes Into Every Fed Meeting With An Open Mind; Says Open Minded About Cadence Of Fed Meeting Schedules
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Why It Matters
A Fed leader said jobs are doing okay, prices are rising slower than before, and the Fed might keep interest rates high for a while to keep fighting inflation. When leaders talk about keeping rules strict, it's a sign they're being careful—which can affect how stocks move.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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