Fed Cleveland Fed President Beth Hammack stated that there is no need to adjust the Intrerest Rate in the coming months as inflation remains above target and there are distortions in the data. She mentioned that the cooling of the November CPI may be underestimated due to data issues stemming from the government shutdown, with actual inflation potentially close to 2.9%-3.0%. Before more clearly assessing the impact of tariffs on prices and the economy, she tends to keep the policy interest rate within the range of 3.5%-3.75% at least until next spring, and believes that the current rate may be close to or slightly below the neutral level. (WSJ)

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