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Story summary
- Federal Reserve (Fed) will meet on July 28-29 to decide whether to hold or raise rates.
- Fed Chair Kevin Warsh reaffirmed the commitment to cut inflation but gave no policy details.
- Fed Presidents Lorie Logan and Beth Hammack urged higher rates because inflation persists.
- Investors’ odds of a hike moved from about 35% after the June CPI dip to roughly 40% and then fell to around 10% after the data release.
