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BlockBeats News, December 22, Cleveland Federal Reserve President Beth Hammack stated that after three consecutive rate cuts at the last three Federal Reserve meetings, she believes there is no need to adjust interest rates in the coming months. Hammack opposes recent rate cuts because her concerns about persistently high inflation outweigh worries about potential labor market vulnerabilities—the latter being the reason officials cumulatively cut rates by 0.75 percentage points in recent months. Hammack is not a voting member of the Federal Open Market Committee (FOMC) this year, but she will gain voting rights next year. Hammack suggested that the Federal Reserve does not need to adjust its benchmark interest rate, currently in the 3.5% to 3.75% range, at least until next spring. She indicated that by then, the Fed will be better able to assess whether recent goods price inflation is subsiding as the impact of tariffs is more fully absorbed in supply chains. (Golden Ten Data)

BlockBeats News, December 22, Cleveland Fed President Beth Hammack stated that after three consecutive rate cuts at the Fed's past meetings, she sees no need for any rate adjustments in the coming months. Hammack opposed the recent rate cuts due to her concerns about persistent high inflation, which outweighed worries about potential labor market fragility— the latter of which prompted officials to cut rates by a cumulative 0.75 percentage points over the past few months. Hammack is not a voting member of the Federal Open Market Committee (FOMC) this year but will gain voting rights next year. Hammack suggested that the Fed does not need to adjust its current target range of 3.5% to 3.75% for the federal funds rate at least until the spring of next year. She stated that by then, the Fed will be better positioned to assess whether recent commodity price inflation is receding as the impact of tariffs is more fully absorbed in the supply chain. (Jinse)

BlockBeats News, December 22, according to Onchain Lens monitoring, in the past 3 hours, a certain whale sold all of its 230,350 AAVE, exchanging them for 5,869.46 stETH (approximately $17.52 million) and 227.8 WBTC (approximately $20.07 million).