Economic Signals to Guide Fed's Next Move

Federal Reserve Bank of Cleveland President Beth Hammack emphasized the importance of clear economic indicators in determining the Fed's actions, with a potential decision point at the upcoming June meeting. Patience and data monitoring are key, but the Fed retains the flexibility to act swiftly if circumstances demand.

Trade Tariffs Cast Shadow Over Business Decisions

Hammack highlighted the uncertainty surrounding trade tariffs as a significant concern for businesses, affecting their spending and employment strategies. Despite recent market volatility, she reassured that the markets remain functional, with the Fed's focus squarely on steering the resilient economy rather than the markets themselves.