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EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI
Fed's Hammack says the latest inflation reading matched expectations and persistent above-target inflation calls for Fed action to lower it.
CNBC quotes Fed Hammack saying it is appropriate to act to lower inflation. He says the most recent inflation number was as expected, but inflation above target has been persistent.
Fed's Hammack: Above target has been persistent amid questions of how shocks will play out.