Fed’s Hammack: FOMC Has Time to Assess Data Before October Meeting

The signal here is procedural rather than directional: by framing the October meeting as still open, Hammack pushes back against any assumption that the committee has already settled on a path. That matters most for rate-sensitive corners of crypto and tokenized real assets, where positioning often front-runs Fed communication. The absence of any data reference or guidance is itself notable — it leaves the door open in both directions. Whether other officials echo this wait-and-see framing, or data forces a firmer stance before October, is the open question.