Fed's Hammack (2026 Voter, Hawk) says persistently high inflation remains her top concern
Newsquawk Staff ·
Inflation
- Hammack says inflation is too high
- Hammack says core PCE nowcast is 3.3% after incorporating this week’s data
- Hammack notes inflation is broad based, reflecting energy costs, supply-chain disruptions, insurance and AI data-centre build-up pressures
Forward guidance
- Hammack says policy view considers data, business and community conversations, and where the economy is heading over the next six or 12 months
Labour market
- Hammack says labour market is right around her level of maximum employment
GDP growth
- Hammack says growth numbers are good and consumer spending is stable
Balance of risks
- Hammack judges persistently high inflation is the bigger concern
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