# Fed's Hammack backs gradual rate hikes as the best path for policy

> Cleveland Fed President Beth Hammack said gradual rate increases are the best way to move monetary policy into a restrictive stance and return inflation to 2%. She described inflation as too high and moving in the wrong direction, and emphasized the importance of Federal Reserve independence.

- Date: 2026-11-05 · published 2026-11-06T00:08:29.837Z
- Category: macro · region United States · magnitude low
- Page: https://feedsoft.ai/events/82709-fed-s-hammack-backs-gradual-rate-hikes-as-the-best-path-for-policy
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hammack's hawkish comments may support the US dollar and tighten financial conditions, which can weigh on dollar-priced feed commodities. They add to expectations for further rate increases but do not constitute a new Fed decision.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-19 | [Gold under pressure as Fed's Yellen backs gradual rate hikes \| Reuters](https://feedsoft.ai/events/72903-gold-under-pressure-as-fed-s-yellen-backs-gradual-rate-hikes-reuters.md) | -0.4% | -1.5% |
| DXY | 2018-02-27 | [Gold slides after Fed's Powell confirms gradual rate hikes](https://feedsoft.ai/events/66405-gold-slides-after-fed-s-powell-confirms-gradual-rate-hikes.md) | +0.1% | -0.1% |
| DXY | 2026-06-30 | [US dollar holds near 13-month high as yen's slide, Fed rate hike bets boost the greenback](https://feedsoft.ai/events/19010-us-dollar-holds-near-13-month-high-as-yen-s-slide-fed-rate-hike-bets-boost-the.md) | -0.1% | -0.3% |
| DXY | 2026-06-17 | [Euro folds as the Fed trades cuts for hikes](https://feedsoft.ai/events/11521-euro-folds-as-the-fed-trades-cuts-for-hikes.md) | +1.8% | +0.9% |
| DXY | 2022-06-10 | [Rand slumps almost 3% as hot US inflation data backs case for Fed rate hikes \| News24](https://feedsoft.ai/events/41269-rand-slumps-almost-3-as-hot-us-inflation-data-backs-case-for-fed-rate-hikes.md) | +1.5% | +3.7% |

## Sources

- tmgm.com: https://www.tmgm.com/en-in/analysis/market-news/article/feds-hammack-gradual-rate-hike-path-best-way-forward-for-policy-202611051359

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.