Cleveland Fed President Beth Hammack said that making frequent, smaller rate adjustments lowers the risk of policy errors, adding to her earlier calls for more tightening and a preference for smaller moves.
Hammack said frequent, smaller tweaks lower risks.
Cleveland Fed President Beth Hammack said that frequent, smaller rate adjustments lower risks, according to a report. This is a new comment reinforcing her hawkish stance.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
