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Hammack says higher rates may be needed as 'inflationary mindset' risk grows

cnbc.com reported on Oct 12, 17:08 UTC that Cleveland Fed president Beth Hammack said higher rates could be needed as risks of an 'inflationary mindset' grow and that tighter monetary policy would be needed to bring down inflation.

Developing storyU.S. Treasury yields fall as energy prices pull back, CNBC reports5 reports · latest 3h agoTimeline →

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: Hammack says higher rates may be needed as 'inflationary mindset' risk grows
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What happened

Cnbc.com reported on Oct 12, 17:08 UTC that Cleveland Fed president Beth Hammack said higher rates could be needed as risks of an 'inflationary mindset' forming grow. cnbc.com's summary said Hammack added that tighter monetary policy would be needed to bring down inflation. The piece ran under the headline "Fed's Hammack says higher rates could be needed as risks of 'inflationary mindset' forming grow."

Politics & Macro market context

As of Oct 13, 14:15 UTC, the SPY ETF was $777.50 and fell 0.08% from the prior close; the UUP ETF was $29.04 and fell 0.31% from the prior close; the GLD ETF was $382.16 and was little changed from the prior close; and the USO ETF was $151.56 and rose 0.35% from the prior close. Figures via Finnhub.

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $777.50 -0.08% vs prior close Oct 13, 14:15 UTC Finnhub
US Dollar Index (via UUP ETF) $29.04 -0.31% vs prior close Oct 13, 14:15 UTC Finnhub
Gold (via GLD ETF) $382.16 0.00% vs prior close Oct 13, 14:15 UTC Finnhub
WTI Crude Oil (via USO ETF) $151.56 +0.35% vs prior close Oct 13, 14:15 UTC Finnhub

Thestockmarketwatch.com published "Fed Signals Tighter Policy as Global Energy and Geopolitical Risks Mount" on Oct 12, 18:08 UTC. cnbc.com also ran "U.S. Treasury yields fall as energy prices pull back" on Oct 13, 07:58 UTC. Reuters published "Indian shares flat at open as inflation strengthens rate-hike concerns" on Oct 13, 02:29 UTC.

What to watch

The US Consumer Price Index is scheduled for Wed Oct 14, 12:30 UTC; Retail sales (Census) are scheduled for Thu Oct 15 (time not confirmed); Weekly jobless claims (DOL) are scheduled for Thu Oct 15 (time not confirmed); and the Producer Price Index is scheduled for Thu Oct 15, 12:30 UTC.

  • Wed Oct 14, 12:30 UTC — Consumer Price Index (US) (source)
  • Thu Oct 15 (time not confirmed) — Weekly jobless claims (DOL) (US) (source)
  • Thu Oct 15 (time not confirmed) — Retail sales (Census) (US) (source)
  • Thu Oct 15, 12:30 UTC — Producer Price Index (US) (source)

Sources and data

Market data as of Oct 13, 14:15 UTC; report generated Oct 13, 14:20 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. cnbc.com (secondary, retrieved Oct 13, 2026, 02:24 PM UTC)
  2. thestockmarketwatch.com (secondary, retrieved Oct 13, 2026, 02:24 PM UTC)
  3. CoinDesk (secondary, retrieved Oct 13, 2026, 02:24 PM UTC)
  4. Reuters (secondary, retrieved Oct 13, 2026, 02:24 PM UTC)
  5. Finnhub (market-data, retrieved Oct 13, 2026, 02:24 PM UTC)
  6. U.S. Treasury and Federal Reserve Board via FRED (primary, retrieved Oct 13, 2026, 02:24 PM UTC)
  7. U.S. Bureau of Labor Statistics (primary, retrieved Oct 13, 2026, 02:24 PM UTC)
  8. U.S. Energy Information Administration via FRED (primary, retrieved Oct 13, 2026, 02:24 PM UTC)
  9. Federal Reserve (primary, retrieved Oct 13, 2026, 02:24 PM UTC)
  10. European Central Bank (euro reference rates) (primary, retrieved Oct 13, 2026, 02:24 PM UTC)
  11. Bank of England (primary, retrieved Oct 13, 2026, 02:24 PM UTC)

Market data as of Oct 13, 2026, 02:15 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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