The catalyst
Fed's Hammack Says Higher Interest Rates Won't Dissuade Hyperscalers, But Might Influence Firms In Other Industries; The Question For The Fed Now Is How Fast To Make Policy More Restrictive; Don't Want To Threaten The Jobs Side Of The Fed's
The thesis
Cleveland Fed President Beth Hammack said higher rates may not deter hyperscalers but could affect other industries, while the Fed weighs how quickly to tighten policy without threatening employment.