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The Federal Reserve official Hammack, who cast the only dissenting vote, emphasized concerns about inflation, stating that MMF policy is not far from neutral.
Cleveland Federal Reserve Bank President Beth Hammack explained why she voted against the interest rate decision at this week's meeting, stating that interest rates should remain stable until more progress is made in reducing inflation. Hammack noted that she believes rates are close to a neutral level that neither hampers nor stimulates the economy, and she suggested that rates should be maintained at a high enough level to moderately restrict economic activity for "some time." In a statement released on Friday, Hammack wrote, "Based on my estimates, monetary policy is not far from the neutral position, and I prefer to keep the policy unchanged until we see further evidence that the inflation rate is."
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J Servai (JLAPT) : Wait and See ...
102468020 :
A Humble Mooer : banks have a very poor track record under lower regulation.
the race to outperform in banking creates perverse incentives and offloading responsibilities under "too big to fail" conditions.
I'm taking a wait and see approach.
103774197 : Election day is November 5th, VOO closing price is 530.1, it only increased by 2.89% to 538.94 by December 19th. How is your S&P 500 increase of over 6% calculated?
kyneo :