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Finance & Markets

Fed's Hammack Backs Rate Hike to Rein in Inflation

Interest Rates are "the clearest, most transparent, easiest-to-communicate tool that we have,” says Cleveland Fed President Beth Hammock, adding that there’s a long history showing the impact of interest rate moves on the economy. She spoke with Bloomberg's Tom Keene, Lisa Abramowicz and Michael McKee in Jackson Hole, Wyoming. (Source: Bloomberg)

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Nasdaq 100 Movers: PYPL, HONIV

In early trading on Friday, shares of Honeywell International topped the list of the day's best performing components of the Nasdaq 100 index, trading up 7.5%.

S&P 500 Movers: PYPL, HONIV

In early trading on Friday, shares of Honeywell International topped the list of the day's best performing components of the S&P 500 index, trading up 7.5%.

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