Cleveland Fed President Beth Hammack stated that further tightening is necessary but she is open to adjusting the pace of rate increases to avoid deterring growth. She noted policy curbs need to reduce demand via capital spending or consumption.
She is open to adjusting the pace of rate increases.
She does not want to deter growth but may need to ease it back.
Policy curbs need to reduce demand via capital spending or consumption.
Cleveland Fed President Beth Hammack said more tightening is needed but she is open to adjusting the pace of rate increases. She emphasized not wanting to deter growth but acknowledged the need to ease it back, with policy curbs reducing demand through capital spending or consumption.
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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
