Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

Federal Reserve Officials Call for Higher Interest Rates Amid Stubborn Inflation While China's Growth Slows.

Bloomberg+1 ·
  • Federal Reserve Bank of Dallas President Lorie Logan advocated for modestly higher interest rates, citing concerns that inflation is not returning sustainably to the 2% target.
  • Kansas City Fed President Jeff Schmid echoed these concerns, stating that inflation remains too high and cautioning that favorable June data may not represent a long-term trend.
  • China's GDP growth slowed to 4.3% in the second quarter, down from 5% in the first quarter, as domestic consumption was impacted by geopolitical conflict in the Middle East.

Quotes

“I currently believe modestly higher interest rates would better balance the outlook and risks”— Lorie Logan, Federal Reserve Bank of Dallas President
“inflation is his biggest worry given the risk of a further acceleration in the months ahead.”— Jeff Schmid, Federal Reserve Bank of Kansas City President

Sources

Federal Reserve Officials Call for Higher Interest Rates Amid Stubborn Inflation While… — Heurist Finance