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Economy News

The Economic Times

Economy / The Economic Times

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Two Fed dissenters say higher interest rates needed to combat inflation

Two Federal Reserve officials dissented, favoring an immediate interest rate hike this week. Cleveland Fed President Beth Hammack stated inflation remains stubbornly above the target. Minneapolis Fed President Neel Kashkari also expressed concern about entrenched inflation risks. Dallas Fed President Lorie Logan was the third policymaker supporting a rate increase. Financial markets anticipate future rate hikes by the central bank.

31 Jul 2026 7:18 pm