Fed's Hammack: Uncertainty around economy, policy path has risen
Source Fxstreet
In a statement published on Friday, Federal Reserve Bank of Cleveland President Beth Hammack explained her decision to dissent against the Fed keeping an easing bias in the policy statement, saying that a "clear easing bias" is no longer appropriate given the current outlook.
Key takeaways
"Inflation pressures are broad-based, energy is driving up prices."
"Economy has been resilient so far in 2026."
"Seeing upside inflation risk, downside job market risk."
"Uncertainty around economy, policy path has risen."
"A wide range of views is the cornerstone of Fed process."
"Job market is near full employment."
Market reaction
The US Dollar (USD) stays on the back foot in the American session on Friday. At the time of press, the USD Index was down 0.25% on the day at 97.85.
Disclaimer: The content available on Mitrade Insights is provided for informational and marketing purposes only. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Nothing in this material constitutes investment advice, personal recommendation, investment research, an offer, or a solicitation to buy or sell any financial instrument. The content has been prepared without consideration of your individual investment objectives, financial situation, or needs, and should not be treated as such.
Past performance is not a reliable indicator of future performance and/or results. Forward-looking scenarios or forecasts are not a guarantee of future performance. Actual results may differ materially from those anticipated.
Mitrade makes no representation or warranty as to the accuracy or completeness of the information provided and accepts no liability for any loss arising from reliance on such information.
Recommended Articles
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.80 during the early Asian trading hours on Tuesday. The WTI price falls as concerns about supply disruptions in the Middle East have faded.
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookThe financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
The financial world is perpetually in motion, but the landscape for 2026 seems to be shaping up to be particularly dynamic. For CFD traders navigating global markets, this heightened volatility could present a distinctive set of challenges and opportunities.
J.P.Morgan downgrades India equities to 'neutral' on oil-led earnings risks, higher valuationsBy Bharath Rajeswaran April 24 (Reuters) - J.P.Morgan downgraded Indian equities to "neutral" from "overweight," citing elevated valuations compared to emerging market peers and pressure on earnings from energy supply shocks linked to the Iran war, a day after HSBC lowered its rat...
By Bharath Rajeswaran April 24 (Reuters) - J.P.Morgan downgraded Indian equities to "neutral" from "overweight," citing elevated valuations compared to emerging market peers and pressure on earnings from energy supply shocks linked to the Iran war, a day after HSBC lowered its rat...
Euro zone short-dated yields set for weekly rise on Hormuz concernsBy Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
By Stefano Rebaudo April 24 (Reuters) - Euro zone short-dated government bond yields were headed for their biggest weekly rise in over a month as tensions around the Strait of Hormuz stoked inflation fears and European Central Bank rate hike expectations.Borrowing costs tracked oil prices, which ...
Japan's Nikkei closes at record high as tech earnings overshadow Mideast concernsBy Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
By Rocky Swift TOKYO, April 24 (Reuters) - Japan's Nikkei set a closing record high on Friday, capping a third consecutive weekly gain, as enthusiasm over technology sector earnings offset uncertainty over a potential peace deal in the Middle East.The benchmark Nikkei 225 Index .N225 rose 0.9...
