Federal Reserve Messenger: Market Overinterprets Hamaq's June Interest Rate Cut Speech

According to BlockBeats, on April 26th, Nick Timiraos, the "voice tube" of the Federal Reserve, stated that the remarks made by the Federal Reserve's Hammack on Thursday have attracted widespread attention, as some market participants have interpreted them as signals that the Fed may be preparing to cut interest rates in June. Hamak is not really saying that the June rate cut is coming. When Hamak talked about the June rate cut, he mentioned the qualifier "if" twice: "If we get clear and convincing data before June, if we know which action to take at that point in time is correct, then I think the committee will take action." The danger of overly relying on these overly broad "if" assumptions is that they do not provide particularly clear answers. (Golden Ten)