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    Fed’s Hammack says there’s no need to change interest rates for months, WSJ reports


    https://www.cnbc.com/2025/12/21/fed-hammack-says-no-reason-to-change-interest-rates-for-months.html

    "Hammack will be a voting member of the FOMC next year, which oversees important decisions regarding monetary policy and interest rates."

    Next year = Jan? Or after Powell leaves in May?

    Fed’s Hammack says there’s no need to change interest rates for months, WSJ reports
    byu/Boston-Bets inwallstreetbets



    Posted by Boston-Bets

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    22 Comments

    2. Diligent-Isopod-9181 on

      Where have i heard this before before they decide to lower rates again. Its like deja vu

    3. Econmajorhere on

      Yes there is. Markets expecting it, President expecting it, wealthy owners expecting it, companies leveraged to tits are expecting it, homeowners that think cuts will lead to refinancing lower mortgages are expecting it.

      Fed can dance around “data driven” and “yet to observe” all they want but they are very much in favor of giving the economy what it wants – and that’s perpetual cheap capital.

      Would be nice if bond market wakes up and prices this in.

    5. kal14144 on

      Next year is January.
      The members of the FOMC representing the regional banks rotate every January.
      But note this is only 1 of 12 votes

    6. Own_Flight4368 on

      Hammack becomes a voting member in January when the regional Fed presidents rotate – that’s separate from Powell’s term which doesn’t end until 2026 anyway

    9. Ok_Opportunity2693 on

      As someone with $1.7m in mortgage debt and half my income paid in Meta stock, I want low rates and high inflation.

    12. Hot-Celebration5855 on

      Trump is levered to the tits. Rate cuts are coming. This is his final grift and he’s gonna max it out

    15. Crunch101010 on

      Markets are pricing in two more 25bps cuts in 2026. JPM internally thinks there will be one cut, and then two 25bps *hikes* by mid-2027 (+25bps net vs where we are now). Quite a discrepancy.

      Given the recent CPI #s and revision downward of previous CPI #s, I definitely am not understanding the JPM argument.

    19. Terakahn on

      Didn’t they already say they are planning on only one cut next year. If they do more than that, odds are it’s in response to something bad on the horizon. Like oh we said one cut but we’re actually fucked and have to cut to save the economy. That’s not a bullish cut.

      Or, oh we decided unemployment is more important than inflation so we’re going to cut and who cares about inflation. Super bearish.

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