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Economics2h 29m ago

Inflation fell more than expected in June, but a Federal Reserve official stated interest rates should be 'modestly' higher.

United States

Who
Lorie Logan
What
Inflation fell more than expected in June, but a Federal Reserve official stated interest rates should be 'modestly' higher.
When
Thu, 16 Jul 2026 19:41:22 GMT · 2h 29m ago
Where
United States ·
Why
To help inflation return to the 2% goal.
The Frontline Impact

How this affects you

Lower-than-expected inflation data suggests a potential easing of price pressures. However, a Federal Reserve official's comment indicates a continued hawkish stance, suggesting interest rates may still rise modestly.

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