Fed's Williams: Inflation Still Too High, More Tightening Needed
New York Fed President John Williams said inflation remains too high and the Fed needs to tighten further, supporting expectations for a December rate hike.
2 h ago12 min read
Hammack Backs Gradual Rate Hikes to Curb Inflation
Fed's Hammack argues gradual rate increases are best to reduce inflation; market sees 82% chance of a hike on Dec 9.
05/11/2026 14:112 min read
Having voted for a rate increase at the latest meeting, Hammack's understanding is that "gradual" indicates a rise each time the group convenes.
In other remarks, she offered:
- Gradual rate increases are less disruptive
- Monetary policy needs to shift to a restrictive stance
- Gradual hikes are the best pathway
- Inflation remains too high and is moving in the wrong direction
- It is hard to see the USD losing its reserve status
Given her hawkish tilt, it is no surprise that she favours rate hikes. The dollar is roughly flat on the day, and the market places an 82% probability on a hike on December 9.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Bitcoin hovers around $71,200 after hitting a fresh low while 10-year yield stays above 5%
Bitcoin traded near $71,200 after hitting a fresh session low of $71,000, as the 10-year yield stayed above 5% and stocks dipped.
3 h ago13 min read
Williams to Join Alumni Panel After CPI Data Lifts Rate Hike Odds
NY Fed's Williams speaks after hotter CPI data, boosting expectations of a December rate hike.
5 h ago7 min read
NZ factory growth slows in October but stays above expansion threshold
New Zealand's factory PMI eased to 54.9 in October, its 16th consecutive month of expansion, though at a slower pace than September.
5 h ago14 min read