Fed’s Barkin Says Rate Hike an ‘Open Question’; Hammack Backs Increase on Inflation Concerns

Fed’s Barkin says rate hike an ‘open question’; Hammack backs increase on inflation concerns

Richmond Fed President Tom Barkin views further rate hikes as an open question. Cleveland Fed President Beth Hammack advocates for an immediate interest rate increase as she believes current business borrowing pressures add to inflationary pressures.

Cleveland Fed’s Beth Hammack calls for immediate rate hikes to bring U.S. inflation back to target

Two months of improved inflation data not enough to prove the tide has turned, she says

Fed's Barkin: Still an "open question" if rate hike will be needed to ...

Fed’s Hammack Pushes Immediate Rate Hikes, Putting Crypto Market and Stocks on Alert

Key Insights: Crypto market in focus as Beth Hammack supports immediate rate hikes, arguing that current policy does not sufficiently restrain economic activity. July PPI rose 4.7% annually, below the 4.9% forecast and down from 5.5% in June. Bitcoin traded near $63,616 as markets assessed...

Fed’s Barkin Says Another Hike May Not Be Needed if Inflation Shocks Fade - ActionForex

Richmond Fed President Thomas Barkin said Thursday that it is still unclear whether Fed will need to raise rates again to bring inflation back to 2%, arguing that several recent price pressures may fade without additional tightening. In remarks prepared for delivery to Greenville Chamber of Commerce, Barkin said, “The open question is how it […] The post Fed’s Barkin Says Another Hike May Not Be Needed if Inflation Shocks Fade appeared first on …