Fed’s Hammack says holding rates steady for months is her base case for now

"Hammack's statements reflect a stance of stability from the Fed regarding interest rates. The decision to hold rates steady to assess the impact of previous cuts is crucial for the broader economic outlook. However, it's essential to watch for the implications on financial markets. In an uncertain economic environment, traders may consider shifting toward safer assets. Overall, Hammack's comments indicate a prudent attitude from the Fed, suggesting traders should cautiously position themselves based on these insights."