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Standard Chartered Launches Custody for Ripple's RLUSD in Dubai
Saudi Arabia Plans 1.2 Million BPD Pipeline Boost Amid Ongoing Supply Risks
JPMorgan Predicts Strong Q3 Earnings to Bolster Global Stock Markets
Elon Musk Donates $276 Million to Republican Groups for 2026 Midterm Elections
US Dollar Strengthens as European Stocks Rise and Oil Prices Increase
Oil Prices Rise Amid Geopolitical Tensions in Ukraine and the Middle East
Reserve Bank of Australia Minutes and Labour Force Data to Influence Monetary Policy
U.S. Stock Market Shows Mixed Results as Major Indices Diverge
Earnings Calendar Highlights Major Banks and Tech Firms from October 12 to 16
Crude Oil Prices Surge Amid Middle East Tensions
Russia Announces Potential for Increased Diesel Exports
Russia and US Discuss Diesel Supply Agreement
Container Vessel Struck by Unknown Projectile, Reports UKMTO
Meta releases Muse Wonder AI models to challenge Anthropic and OpenAI
Hackers heat French supermarket fridges, sparking fires and spoiling food
EUR/USD Exchange Rate Hits Lowest Point Since May 2025
Bumble stock surges on report of $1B buyout talks
S&P 500 Wavers Before Earnings as Chip Stocks Fall: Markets Wrap
US Should Not Do Diesel Deal With Russia, Says Republican Mike Lawler
France's Economic Growth Slows to 0.1% in Third Quarter
Bank of France Survey Shows Sharp Jump in Business Uncertainty
IonQ to Acquire Cybersecurity Firm Elisity in $1.3 Billion All-Stock Deal
Saudi Arabia Issues Early Warning Alert for Potential Threat in Riyadh
Ukraine Should Be Free to Strike Russia, Says Trump's Ex-Envoy
Koch, Getty Families Team Up to Take Getty Images Private in Bankruptcy Deal
French Third-Quarter Economic Growth Estimated at 0.1%
Elon Musk injects $275mn into Republicans’ fight to retain Congress
Why is Ciena stock tumbling today?
Why is T-Mobile US stock rallying today?
French economy posts minimal growth in third quarter
Canada, Western allies condemn Iran over alleged attacks across Europe
Dating App Bumble in Advanced Talks to Go Private at $1 Billion Valuation
Swiss Dental Startup vVardis Is Preparing for US IPO
Washington Commanders New NFL Stadium Plan Prompts DC to Weigh Muni-Bond Sale
Federal Reserve Official Describes Current Treasury Rates as Modest
Fed’s Hammack says Treasury yields modest by historic standards
NZDUSD Currency Pair Faces Key Support Test Amid Ongoing Downtrend
Is Universal Basic Income the Answer to A.I.-Fueled Job Losses?
Meta Unveils New Series of Advanced A.I. Models
Bristol Results Show Promise in Rare Cancer, Lung Disease
Watch out luxury: mid-market fashion brands are staging a comeback
Getty Images plans bankruptcy filing, to go private
China gloom hits LVMH, dims hopes of luxury revival
Two Turkish nationals detained in Germany over Poland fire
From Iowa Steel to Philly Ships, Trump’s Industrial Promises Face Big Tests
Fitch Ratings Warns of Potential Credit Rating Downgrade for France
Microsoft stock outlook: Azure growth and earnings set to drive next move
U.S. inflation data preview: September CPI and what it means for markets
Fed’s Hammack calls for quick move to restrictive policy
LVMH Sales at Key Unit Tumble on Weaker Demand in China
Fed’s Hammack Prefers Smaller, Frequent Rate Adjustments
The diesel crisis is testing the limits of globalisation
Meta Launches Muse Wonder AI Model to Compete with OpenAI and Anthropic
Meta CEO Mark Zuckerberg Declares Company Has Reached AI 'Frontier'
Why is 10X Genomics stock down 10% today?
Albertsons Wants $8 Billion From Kroger After Failed Merger
Meta Launches Muse Wonder AI Model with Subscription Requirement
Cleveland Fed President Advocates for Tighter Monetary Policy to Combat Inflation
Moderna technical outlook: bullish trend meets near-term pullback
BTIG sees S&P 500 ETF stock volume hit 22-year low on quiet calendar
Fed’s Hammack backs restrictive policy, says better if it comes ’relatively quickly’
Mark Zuckerberg says Meta has reached AI ‘frontier’ and rejects calls for slowdown
Trump’s Russian diesel gambit is cynical and won’t work
European Stock Indices Close Higher Led by Spain's Ibex
Federal Reserve Official Calls for Further Monetary Policy Tightening
European stocks rise despite Middle East tensions
Fed’s Hammack Says Smaller, Frequent Rate Adjustments Preferable
Cleveland Fed President Advocates for Additional Interest Rate Hikes to Combat Inflation
Why is Dynatrace stock climbing today?
Cleveland Fed President Advocates for Higher Interest Rates to Curb Demand
Cleveland Federal Reserve President Beth Hammack stated on October 12, 2026, that U.S. interest rates need to increase further to restrain demand and combat persistent inflation, which she estimates is currently between 2.5% and 3.0%. In an interview, Hammack expressed her desire to cool corporate investment and wealth-driven consumer spending without adversely affecting the labor market, which is currently near full employment with an unemployment rate of 4.2%.
Hammack emphasized the importance of addressing inflation without causing unnecessary harm to employment levels. She noted that consumer spending is primarily supported by higher-income households and the wealth effect, which has been bolstered by rapid corporate investment. She believes that a reduction in either business investment or consumption could help alleviate pricing pressures in the economy.
As the Federal Reserve prepares for its upcoming meeting on October 27-28, Hammack indicated she would approach the decision on whether to implement another rate hike with an open mind. While market expectations lean towards holding rates steady, her comments reflect a hawkish stance among some policymakers who advocate for further tightening. Hammack's remarks highlight the delicate balance the Fed faces in managing inflation while maintaining economic growth.
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Source: KLEA News