Cleveland Fed’s Beth Hammack Says Interest Rates Should Rise to Fight Inflation

Cleveland Fed President Beth Hammack said the central bank should add policy restraint now, arguing that inflation remains too high despite recent signs of improvement.

Cleveland Fed President Beth Hammack said the central bank should add policy restraint now, arguing that inflation remains too high despite recent signs of improvement.

The benchmark pushed above 7,800 in morning trading after July producer prices were flat and crude oil fell sharply, easing some of the market’s rate-hike concerns.

NEOS adds $30 billion across 19 options-based income ETFs, expanding Goldman’s active-ETF platform and a fee-based asset-management business the firm describes as a source of more durable revenue.

The 20-year Rockdale lease covers 191 MW and could grow to $16.1 billion with extensions as Riot builds a much larger AI data center business.

Sales fell for a second straight month even as NAR’s affordability index improved from a year earlier, with mortgage rates still high enough to restrain many buyers.

Lumentum’s fiscal fourth-quarter revenue rose 109% to $1.01 billion as AI infrastructure demand pulled optical connectivity deeper into GPU clusters, with margins also expanding.

Auto debt increased by $28 billion and credit-card balances by $21 billion in Q2, while a mortgage-reporting gap helped push total household debt down slightly.

The $250 billion target counts eligible lending, investing, capital-markets and advisory activity through July 4, 2027, rather than a single pool of Bank of America capital.

Guest visits accounted for more than half of CAVA’s comparable-sales growth, even as restaurant-level margin slipped 60 basis points amid higher menu, delivery and wage costs.

Super Micro sees fiscal 2027 sales of $65 billion to $72 billion after fiscal 2026 revenue jumped about 78%, while fourth-quarter gross margin rebounded to 17.5%.