Fed's Hammack says holding interest rates steady remains reasonable
By Agustin Wazne
Updated: 5 Jun 2026
POPULAR ARTICLES
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends continue, policymakers may soon need to take action to address persistently high inflation.
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends continue, policymakers may soon need to take action to address persistently high inflation.
Speaking in a post published on LinkedIn following the release of the latest US employment report, Hammack noted that current labor market conditions continue to support the Federal Reserve’s (Fed) wait-and-see approach, while emphasizing that inflation risks remain a key concern.
Her hawkish remarks further boosted demand for the US Dollar, earlier supported by a better-than-anticipated Nonfarm Payrolls (NFP) report.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.47% | 0.27% | 0.13% | 0.04% | 0.84% | 0.81% | 0.62% | |
| EUR | -0.47% | -0.21% | -0.33% | -0.43% | 0.38% | 0.32% | 0.16% | |
| GBP | -0.27% | 0.21% | -0.13% | -0.24% | 0.57% | 0.55% | 0.36% | |
| JPY | -0.13% | 0.33% | 0.13% | -0.09% | 0.71% | 0.67% | 0.49% | |
| CAD | -0.04% | 0.43% | 0.24% | 0.09% | 0.80% | 0.76% | 0.58% | |
| AUD | -0.84% | -0.38% | -0.57% | -0.71% | -0.80% | -0.04% | -0.21% | |
| NZD | -0.81% | -0.32% | -0.55% | -0.67% | -0.76% | 0.04% | -0.18% | |
| CHF | -0.62% | -0.16% | -0.36% | -0.49% | -0.58% | 0.21% | 0.18% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
