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Cleveland Fed's Hammack to Join FOMC Voting, Signals No More Rate Cuts

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Cleveland Fed President Beth Hammack, a known hawk, will join the FOMC voting committee in 2026. She expects rates to stay steady until inflation or employment data shifts. Hammack questioned recent inflation declines, citing a government shutdown’s impact. Her stance contrasts with Fed Governor Chris Waller, who views current rates as restrictive. Meanwhile, global regulators continue to focus on Countering the Financing of Terrorism and EU Markets in Crypto-Assets Regulation.
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