Hammack warns of persistent inflation and a strong job market. Inflation at 3.3% or higher in July priced at 37.5% YES.

Fed official suggests multiple rate hikes may be needed amid inflation concerns. Rate hike by September 2026 at 44.5% YES.

Cleveland Fed President Beth Hammack warns inflation won't return to 2% without action, signaling a hawkish shift and raising prospects of a