EconomyRate-hike voices grow ahead of July Fed decision, but rates still expected to hold

Cleveland Fed President Beth Hammack has joined a small but expanding group of policymakers who say the Federal Reserve may need to raise short-term borrowing costs. They argue that persistently high inflation could require tighter policy. Her comments set the stage for a tense debate at the central bank’s July 28–29 meeting. Despite the growing calls for an increase, rates are still widely expected to remain on hold at the decision.

Federal Reserveinterest ratesinflationmonetary policy

RReuters★★★☆☆2026-07-17 17:50Original