Fed Hawks: Intrerest Rate not significantly restrictive Stock market valuation high

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Golden data February 28th news, hawkish Fed official and Cleveland Fed President Hamak said that the Intrerest Rate has not yet been significantly restrictive and should remain stable for a period of time. In other words, we may be approaching a neutral environment. In the long run, the U.S. economy is resilient and will adapt to a higher Intrerest Rate environment, given the broadly accommodative financial environment, high stock market valuations, and stock risk premium close to zero. Her comments are in conflict with Fed Chairman Powell's comments last month. He had stated that after last year's rate cuts, the Intrerest Rate still has substantial constraints. Hamak also said that a patient approach will give us time to monitor the labor market and inflation trajectory, as well as the overall performance of the economy in the current Intrerest Rate environment. It is important to monitor inflation expectations and other indicators to assess whether the financial conditions are in line with the Fed's anti-inflation efforts. After her speech, U.S. stocks extended their decline, with the Nasdaq falling more than 2.3% at the close. Hamak is a voting member of the FOMC next year.

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EyesStaringLikeCoppervip
· 02-27 22:48
Can these guys stop being so noisy and just shut up for once!
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