Cleveland Fed President Beth Hammack wrote that the current monetary policy stance in the Fed is not restrictive, emphasizing that inflation is too high, at an article on LinkedIn. She added that local contact views indicate that “now is the time for the Fed to hike to control inflation.”
ING’s Muhammet Mercan notes the Central Bank of the Republic of Türkiye (CBRT) has normalised liquidity via weekly repo auctions, bringing effective funding costs down to the 37% policy rate.
Dow Jones futures inch lower by 0.06% to trade near 53,710 during European hours on Friday. Meanwhile, S&P 500 futures advance by 0.06% to trade near 7,760, while Nasdaq 100 futures rise by 0.38% to trade around 29,640.