STOCKS | Dallas Fed President Lorie K. Logan Says Rates Should Rise to Curb Inflation

Dallas Fed President Lorie K. Logan said the Federal Reserve should raise interest rates to address elevated inflation, suggesting she may be ready to oppose keeping rates unchanged later this month. According to Jin10, Logan said June inflation data released on Tuesday showed price increases were easing, but not enough to convince her that inflation has returned to the Fed's 2% target path. "June CPI data did show that inflation could return to target levels, and the outlook is more optimistic," Logan said. "But the path remains very fragile. I currently think that a moderate increase in interest rates would help better balance the outlook and risks."