Fed's Hammack signals holding rates steady for months, WSJ reports

Group 1 - The Federal Reserve Bank of Cleveland President Beth Hammack believes there is no need to change interest rates for several months following recent rate cuts [1][2] - Hammack expressed concerns about elevated inflation, which she views as a more pressing issue than potential labor-market fragility that led to a cumulative rate cut of 75 basis points [1][2] - The current benchmark interest rate is between 3.5% and 3.75%, and Hammack anticipates it will remain unchanged at least until spring [2]