Fed's Hammack Says Broad-Based Inflation, Ongoing Growth Need Restrictive Monetary Policy; Trend Inflation Currently In The Mid-To-High 2% Range, Expect It Will Take Some Time To Return To 2% Target Even With Appropriate Monetary Policy; Would Prefer Fed Make Smaller Adjustments To Policy Rate But Do So 'relatively Quickly'; Energy Is Not Only Factor, With Strong Demand Also Contributing To Price Pressures; Stable Labor Market Leaves Room To Address Inflation
https://www.clevelandfed.org/collections/speeches/2026/sp-20261012-trimming-the-sails-communicating-my-reaction-function
Share
Why It Matters
A Federal Reserve leader says prices are still rising too fast. The Fed will likely keep interest rates high for a while longer to bring inflation down.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Tickers in Play
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.