Fed’s Hammack Says Central Bank Should Pause Rate Cuts
1. Fed President Hammack opposes another interest-rate cut in December. 2. Inflation poses a greater economic threat than a cooling labor market. 3. Current inflation rate is slightly above target at 3%, up from 2.9%. 4. Labor market holding steady despite mixed private data on job growth. 5. Final Fed policy meeting of the year scheduled for December 9-10.