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 urges restrictive policy to tackle inflation
Fed's Hammack calls for restrictive monetary policy to reduce inflation, citing demand pressures and a potential inflationary mindset.
12/11/2026 14:113 min read
- The official expressed concern about the economy developing an inflationary mindset
- Significant demand-side factors are adding to elevated inflation
- The central bank has fallen short on its inflation objective for several years
- On the employment side, the Fed has performed well according to her
Hammack has consistently ranked among the most hawkish Fed officials currently serving. She voted against the majority in July, favouring a rate increase instead.
Currently, financial markets are factoring in 28 basis points of tightening for December as they consider the possibility of a 50-basis-point move. Over the next twelve months, 83 basis points of increases are priced in. The US two-year yield has risen 9 basis points to 4.82% today, while the ten-year yield has climbed to 5.05%. That trend has extended into foreign exchange, where the US dollar is barely changed on the session.
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