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Fed's Hammack: I prefer to wait than move in the wrong direction with rates

Federal Reserve (Fed) Bank of Cleveland President Beth Hammack joined the ever-growing chorus of Fed policymakers taking a hard cautious stance to interest rate forecasts, cautioning that uncertainty wrapped up in US trade policy will continue to make it difficult for the Fed to engage in market-smoothing operations.

Key highlights

The desk stands ready to engage in money markets if needed.

We may move much more quickly when the Fed does adjust rates.

Monetary policy is modestly restrictive right now.

It is unclear that removing Statutory Liquidity Ratio (SLR) constraint adds to risk capacity.

I think we've been seeing markets work themselves out.

I prefer to wait than move in the wrong direction with rates.

Markets are strained, but functioning.

NZD/USD Price Analysis: Kiwi rallies toward 0.5700 despite persistent bearish backdrop

The NZD/USD pair advanced firmly on Wednesday, rising sharply ahead of the Asian session and trading near the 0.5700 mark. The pair is testing the upper region of its daily range, reflecting a strong intraday bounce despite a broader backdrop that still leans bearish.
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AUD/JPY Price Analysis: Cross jumps sharply but bearish signals persist

The AUD/JPY pair staged a sharp rebound on Wednesday’s session ahead of the Asian open, climbing toward the 91.00 area after rising more than 4% during the day.
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