Cleveland Fed Pres. Beth Hammock speaking on CNBC says:
Uncertainty is weighing on businesses. Influences planning on spending and employment Wish I had a crystal ball on implications on tariffsCone of possibilities for economy are so wide.Does not have basecase right now. Is looking at snares for economyI would rather take our time on policy. Look at the dataFed needs to be patientSoft data is more concerning. Seeing good things in the hard dataFed will move quickly if they have to.When it is clear which way the economy is going, that is when the Fed will reactIt is the real data that the Fed is monitoringWatches markets for their impact on real economyOver recent weeks, markets clearly volatile, but functional There is a hangover from the pandemic were businesses don't want to let their employees go. That may help to support the labor market Economy is very resilient Fed can move in June if data is clear about economies stateSell America trade should be monitored but could just be a rebalancing.The Fed is not steering the markets, but the economyIndependent central banks deliver better outcomes. Markets recognize thisThe US stocks in premarket trading are mixed now ahead of the 9:30 AM ET open.
Hence then, the article about cleveland fed hammock uncertainty is weighing on businesses influences planning was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Cleveland Fed Hammock: Uncertainty is weighing on businesses. Influences planning )
Last updated :
Also on site :
- Pedestrian killed on 101 Freeway in Calabasas-Agoura Hills area
- Certis and FieldAI Form Strategic Partnership to Deploy Autonomous Robotics in Real-World Security Operations
- Peter Mandelson arrest latest: Peer released on bail as Epstein accuser Virginia Giuffre’s family issues statement