「Fed's Word of Mouth」: Market Overinterpreting Hammock's June Rate Cut Remarks

BlockBeats News, April 26th, in the "Fed Chatterbox," Nick Timiraos of the Federal Reserve said that Fed Chair Jerome Powell's remarks on Thursday drew widespread attention, as some market participants took them as an overreaction signal that the Fed may be preparing to cut rates in June. Harker did not actually say that a rate cut in June was imminent. When Harker talked about a rate cut in June, he mentioned the conditional word "if" twice: "If we get clear and convincing data before June, if we know what action to take at that time is right, then I think the committee would act." The danger of relying too much on these overly broad "if" assumptions is that they do not provide a particularly clear answer. (Forexlive)