Fed Official Hammack: Inflation Moving in Wrong Direction, Rates Should Be Raised Gradually

US Federal Reserve (Fed) official Beth Hammack stated that inflation continues to remain at elevated levels and is moving in the wrong direction. Hammack noted that interest rates should be raised gradually to achieve the 2% inflation target. Hammack's assessment stood out as a notable remark in discussions regarding the Fed's monetary policy stance. The official implied that inflation remaining above target brings a cautious tightening tendency in monetary policy to the agenda. The proposal to raise interest rates gradually signals a non-hasty but determined approach in the fight against inflation. Hammack's statements also reflect that there are differing assessments within the Fed regarding the inflation outlook. From the markets' perspective, such statements are among the signals shaping expectations regarding the future direction of monetary policy. The course of inflation and the pace of interest rate steps continue to be decisive on financial conditions. Not investment advice.

📊 DXY — Piyasa Yorumu

▲ up · 62%

Hammack's hawkish-toned statement is supportive for DXY in the short term; the message that interest rates should be raised gradually may be perceived as dollar-positive. The technical picture confirms this: the price is above SMA20 and SMA50, RSI at 58 is in neutral-positive territory, and MACD has just crossed above the signal line. However, the 24-hour change is only 0.18% and momentum is not yet strong; therefore, a moderate upward bias is expected rather than a sharp rally. Sustained trading above 101.60 could bring the 101.80-102.00 band into play; a drop below 101.43 (SMA20) would weaken the scenario.

RSI 14

58.8

MACD

0.01

24h Δ

0.18%

📊 USDTRY — Piyasa Yorumu

▲ up · 55%

A Fed official's hawkish remarks could support the USD and create upward pressure on USDTRY. However, technical indicators are mixed: RSI at 57 is in neutral territory, MACD is slightly below its signal line, and price is trading very close to SMA20/SMA50. With the 24-hour change near zero, the market is currently directionless. The news impact may be limited and gradual; additional confirmation is needed for a strong breakout.

RSI 14

57.9

MACD

0.01

24h Δ

0.00%

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