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Fed's Hammack: Inflation Remains Elevated, Rate Hikes May Be Needed

2026-06-30 14:58:34

According to CNBC, Cleveland Federal Reserve President Hammack said inflation remains too high and the U.S. central bank may need to consider raising interest rates. The job market is near full employment and economic growth is solid, Hammack noted. Core inflation has remained elevated and is not solely driven by energy prices, showing broad-based increases across sectors. Despite concerns about potential economic impacts of higher rates, consumer spending has demonstrated resilience.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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