Feds Logan
- More rate hikes are likely necessary
- Very concerned whether inflation will cool quickly enough
- Challenging and uncertain environment enabled June pause
- Process of rebalancing economy slower than expected
- Skeptical about lagged impact of past Fed rate hikes
- Housing market may have bottomed out
- Housing sector rebound might threaten progress on inflation
A hike later this month is a done deal, no matter what next week’s CPI says.