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2026-10-13

Federal Reserve's Hamak: We do not want to threaten the employment goal of the Fed's dual mandate.

Federal Reserve's Hamak: We do not want to threaten the employment goal of the Fed's dual mandate.
2026-10-13

Fed's Hammack said the Fed currently faces the question of how quickly to tighten monetary policy.

Fed's Hammack said the Fed currently faces the question of how quickly to tighten monetary policy.
2026-10-13

Federal Reserve's Hamack: The current problem facing the Federal Reserve is how quickly it should tighten monetary policy.

Federal Reserve's Hamack: The current problem facing the Federal Reserve is how quickly it should tighten monetary policy.
2026-10-13

Federal Reserve's HAMMACK said the Fed has no intention of using interest rates to cause severe disruption to the economy.

Federal Reserve's HAMMACK said the Fed has no intention of using interest rates to cause severe disruption to the economy.
2026-10-13

Federal Reserve's Hamak: We have no intention of using interest rates to have a drastic impact on the economy.

Federal Reserve's Hamak: We have no intention of using interest rates to have a drastic impact on the economy.
2026-10-13

OPEC+ ministers met in Riyadh on Oct. 12 and said they will continue coordinating via the Joint Ministerial Monitoring Committee (JMMC) to preserve oil-market stability, stressing that securing international sea lanes and continuous energy flows is v

OPEC+ ministers met in Riyadh on Oct. 12 and said they will continue coordinating via the Joint Ministerial Monitoring Committee (JMMC) to preserve oil-market stability, stressing that securing international sea lanes and continuous energy flows is vital. They warned transport disruptions have driven shipping and insurance costs to unprecedented levels—exceeding one-third of related cargo value—hindering timely crude and refined-fuel shipments and adding to global inflationary pressure; high transport costs are expected to pass along the oil supply chain, raising costs for producers and consumers and weighing on growth. Ministers said they will keep monitoring the situation and work with governments, industry and international bodies including the IEF and IEA to improve global shipping conditions.
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