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Story summary
- On July 16, 2026, Federal Reserve (Fed) President Lorie Logan said higher rates are needed because inflation stays above 2% despite June CPI falling 0.4% month-over-month.
- Logan, the first of Kevin Warsh’s colleagues to call for a hike, noted range is 3.50%-3.75% and warned that Middle-East tensions could add price pressure.
- CME FedWatch shows a 12.3% chance of a July 28-29 hike, with markets eyeing a quarter-point rise by September.
