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Fed's Hammack: Action on interest rates could be necessary soon
FED'S HAMMACK SAYS ACTION ON INTEREST RATES COULD BE NECESSARY SOON.
— First Squawk (@FirstSquawk) June 5, 2026
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HAMMACK SAYS JOBS REPORT SHOWS LABOR MARKET IS ESSENTIALLY BALANCED.
— First Squawk (@FirstSquawk) June 5, 2026
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Fed's Hammack: It's reasonable to keep rates steady for now but if recent trends continue, it may soon be appropriate to act against high inflation.
— FinancialJuice (@financialjuice) June 5, 2026
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Cleveland Fed President Beth Hammack updates and restates her view from a few days ago:
— Nick Timiraos (@NickTimiraos) June 5, 2026
It's fine to leave rates where they are today but "if recent trends continue, it may soon be appropriate to act."
[Translator key: Appropriate to act = raise rates]https://t.co/XLmScLfeOn
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