Fed's Hammack (2026 voter, Hawk) says it is reasonable to keep rates steady for now given uncertainties; Fed may need to act ‘soon’ if inflation trends don’t cool
Newsquawk Staff ·
- There are risks to waiting for signs high inflation is becoming embedded in economy
- Main concern is growing risk of persistent inflation pressures
- Worried monetary policy may not be tight enough to lower inflation
- Remains firmly committed to getting inflation back to 2%
- Economy is facing broadening array of factors driving up inflation
- Sharp energy shocks hard for monetary policy to deal with
- Unemployment rate is around full employment levels
- Job market data points to stability
- US and Israeli militaries have reportedly developed plans for renewed strikes on Iran after the US midterm elections, targeting energy infrastructure, nuclear facilities and missile and drone arsenals, NYT reports, citing sources
- PRE-MARKET AUSTRALIAN STOCK NEWS: CSL names new CEO and faces class action; Fortescue Q1 sales hit by CMRG talks; Garda upgrades FY27 guidance on AUD 300mln portfolio sale
- US Market Wrap: Stocks gain as tech earnings begin
- Canadian PM Carney says he spoke to US President Trump on Wednesday for quite some time; he discussed a wide range of issues with US President Trump, including Iran
- Newsquawk European Market Wrap - 21st October 2026
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