Hammack: The Fed needs to raise interest rates to fight inflation, with markets betting on a 65% chance of a rate hike in September.

AiCoin2026/07/19 08:34

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According to Cleveland Federal Reserve President Loretta Mester, the Federal Reserve needs to raise interest rates to curb inflation. Currently, interest rate futures traders estimate the probability of a Fed rate hike in July at about 15%, and in September at about 65%.

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Hammack: The Fed needs to raise interest rates to fight inflation, with markets betting on a 65% chance of a rate hike in September.

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