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FED'S HAMMACK CALLS FOR GRADUAL RATE HIKES AS INFLATION MOVES IN WRONG DIRECTION
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Her comments signal a hawkish shift in the Fed's internal debate, pushing back against market expectations for easing. The remarks matter because they imply the policy rate may need to rise further rather than fall, tightening financial conditions across risk assets. Traders will watch upcoming inflation prints and other Fed speakers for confirmation that Hammack's view is gaining support on the committee.
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Named in this story
Beth Hammack, Federal Reserve