Fed’s Hammack Warns Inflation Still Too High
A short update highlighting Hammack’s comment that inflation remains around 3%, above the Fed’s 2% target.
Federal Reserve official Hammack noted that the current inflation rate remains “too high,” estimating it is closer to 3% rather than the Fed’s target of 2%. His remarks reflect the central bank’s continued concern that price pressures have not eased enough to justify a faster shift toward more accommodative policy. While inflation has cooled from its peak, progress toward the target has slowed, keeping policymakers cautious.
For crypto traders, this reinforces the idea that interest-rate cuts may come gradually. Higher-than-target inflation typically keeps financial conditions tighter, which can influence liquidity across risk assets. Monitoring upcoming inflation prints may offer clearer signals on when the Fed could gain confidence in easing further.
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Beginner-friendly macro news summary
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