Fed's June Decision Hinges on Clear Economic Signals

In a recent statement, Federal Reserve Bank of Cleveland President Beth Hammack emphasized the Fed's readiness to act at its June meeting, provided the economic trajectory becomes unmistakably clear. Hammack underscored the importance of patience and data-driven decision-making, while also highlighting the Fed's capacity for swift action when necessary.

Trade Tariffs Cast Shadow Over Business Confidence

Hammack pointed out the chilling effect of trade tariff uncertainties on business investments and hiring plans. Despite the challenges, she reassured that the markets remain operational, albeit with notable volatility in recent weeks. The Fed's primary focus, she reiterated, is steering the resilient economy, not the markets.