Paraguay Congress Moves to Impeach Peña After Bank Failure
Paraguay's lower house opened a session to weigh impeaching President Santiago Peña after Ueno Bank was taken over, leaving deposits frozen.
8 min ago12 min read
Hammack Backs Gradual Rate Hikes to Curb Inflation
Fed's Hammack argues gradual rate increases are best to reduce inflation; market sees 82% chance of a hike on Dec 9.
05/11/2026 14:112 min read
Having voted for a rate increase at the latest meeting, Hammack's understanding is that "gradual" indicates a rise each time the group convenes.
In other remarks, she offered:
- Gradual rate increases are less disruptive
- Monetary policy needs to shift to a restrictive stance
- Gradual hikes are the best pathway
- Inflation remains too high and is moving in the wrong direction
- It is hard to see the USD losing its reserve status
Given her hawkish tilt, it is no surprise that she favours rate hikes. The dollar is roughly flat on the day, and the market places an 82% probability on a hike on December 9.
Share to
Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Related articles
Trump's next moves eyed by markets as tension builds
Markets await Trump's signals on tariffs and Iran war as Congress and electorate push for change.
5 h ago8 min read
Marco Rubio may resign for presidential run, report says
The Independent reports Marco Rubio is expected to resign as Secretary of State to launch a presidential campaign, citing sources. He faces difficulty…
10 h ago7 min read
Barkin says gradual rate hikes 'makes sense'
Fed's Barkin indicated a gradual pace of rate hikes is appropriate, with policy near neutral. He addressed inflation, tariff pressures, and AI's role in demand.
10 h ago4 min read