Reported about 15 hours ago
Federal Reserve Bank of Cleveland President Beth Hammack stated that the U.S. interest rate policy is likely to remain on hold for a while as evidence of easing inflation is sought. Despite a healthy job market, she emphasized the need for patience before considering any rate cuts, noting that achieving the 2% inflation target is not yet in sight. Hammack highlighted concerns about the potential upside risks to inflation and called for monitoring economic conditions closely.
Source: YAHOO