---
title: Cleveland Fed's Hammack expects that more than one rate
description: "Treasuries (close 2026-08-07): 2s 4.19% (-6.0bp), 10s 4.65% (-4.0bp), 30s 5.19% (-3.0bp). Tape (close 2026-08-07): VIX 14.9, 2s10s +46bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-08-10/cleveland-feds-hammack-expects-that-more-than-one-rate-hike"
---

DAILY BRIEF
              10 Aug 2026, 21:05 UTC



# Cleveland Fed's Hammack expects that more than one rate hike will be n, 10s -4bp · desk brief, Mon 10 Aug 2026



            Treasuries (close 2026-08-07): 2s 4.19% (-6.0bp), 10s 4.65% (-4.0bp), 30s 5.19% (-3.0bp).

Tape (close 2026-08-07): VIX 14.9, 2s10s +46bp.

Narrative: Europe Gas Prices Surge as Hormuz Deal Prospects Remain Murky

What mattered:

• Cleveland Fed's Hammack expects that more than one rate hike will be needed

• Fed's Hammack: Now is the time for us to start acting.

• Wednesday’s crucial CPI report will show tamer inflation, according to prediction markets

• A Hot CPI Report Causes Problems for Fed, Caron Says

• BoJ September rate hike signal led the US to join in intervention - Kyodo





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