%Effective Federal Funds Rate
EFFR
▲ PositiveMonetaryrelevance
Hammack's hawkish remarks on sticky inflation suggest rates may stay higher, raising the policy rate.
Cleveland Fed President Hammack said inflation appears to be more persistent. The remarks could affect market expectations about the path of monetary policy. Hammack indicated that with inflation pressures persisting, a cautious policy response is warranted.
Hammack's hawkish remarks on sticky inflation suggest rates may stay higher, raising the policy rate.
Hawkish inflation stance implies higher-for-longer rates, pushing 10Y yields up.