Nick Timiraos, the Fed's mouthpiece, said Thursday's comments by Mr. Hamak had attracted widespread attention because some market participants had over-interpreted them as a signal that the Fed might be preparing to cut rates in June. Mr. Hamak did not really say that a June cut was coming, and when Mr. Hamak talked about a June cut, he mentioned the qualifier "if" twice: "If we get clear and convincing data by June, if we know which action is right at that point in time, then I think the commit...
"Fed mouthpiece" Nick Timiraos said that the remarks of the Federal Reserve Hamak on Thursday have attracted widespread attention because some market participants have over-interpreted it as a signal that the Federal Reserve may be ready 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 by June, if we know which action to take at that po...