Stock Market Update
30-Jun-26 12:30 ET
Cleveland Fed President warns higher rates could be neccessary
Dow +148.29
at 52331.03,
Nasdaq +319.55
at 26160.69,
S&P +50.24
at 7490.67
[BRIEFING.COM] The major averages remain at session highs just after midday.
Cleveland Fed President Beth Hammack (voting FOMC member) told CNBC that inflation has been high for five years, and if that trend continues, higher rates might be needed. The CME FedWatch tool shows rate hike probabilities through the end of the year have increased by a few percentage points today, but not enough to alter the market's expected timeline.
