{"id":109087,"date":"2024-12-06T22:04:00","date_gmt":"2024-12-06T18:04:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109087"},"modified":"2024-12-06T23:29:47","modified_gmt":"2024-12-06T19:29:47","slug":"fed-official-one-rate-cut-between-now-and-late-january-is-reasonable","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fed-official-one-rate-cut-between-now-and-late-january-is-reasonable\/12\/06\/market-updates\/","title":{"rendered":"Fed Official: One rate cut between now and late January is reasonable"},"content":{"rendered":"Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.<br \/><br \/>Hammack emphasized the need for a modestly restrictive monetary policy stance to curb persistent inflationary pressures. She noted that the US economy remains robust, with a strong labor market and resilient consumer spending. However, she expressed concerns about the persistence of inflation, particularly in the housing sector.<br \/><br \/>The Cleveland Fed president highlighted the importance of data-driven decision-making, emphasizing that future policy actions would be guided by incoming economic indicators. She acknowledged the challenges posed by potential tariff-related uncertainties but reiterated the Fed&#8217;s commitment to its dual mandate of price stability and maximum employment.<br \/><br \/>Hammack&#8217;s comments suggest that while the Fed is prepared to adjust its policy stance as needed, it is also mindful of the risks associated with premature easing. The central bank&#8217;s ultimate goal is to achieve a soft landing for the economy, balancing the need to control inflation with the desire to avoid a recession.<br \/><br \/>","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Bank of Cleveland President Beth Hammack recently offered a nuanced perspective on the future trajectory of monetary policy. While acknowledging market expectations of a potential rate cut before the end of January, she indicated a preference for a more cautious approach.Hammack emphasized the need for a modestly restrictive monetary policy stance to curb &hellip;<\/p>\n","protected":false},"author":13,"featured_media":93880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,7740],"class_list":["post-109087","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109087"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109087\/revisions"}],"predecessor-version":[{"id":109093,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109087\/revisions\/109093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93880"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}