Insight
Cleveland Fed President Beth Hammack noted that if consumer data holds up, Fed policy may not be restrictive enough, and rate hikes might be necessary.
Can mortgage rates survive hawkish Fed talk during inflation week?
Summary
Hawkish Fed talk and inflation persist despite falling oil prices. Fed officials emphasize core inflation month-to-month over headline data. Hosts should monitor core inflation prints closely as they may influence future rate hikes.
Key takeaway