US inflation cools on brief ceasefire but Fed keeps rate hike option
- Posted on July 14, 2026
- By South China Morning Post
- 1 Views
- 1 min read
In brief
Recent data suggests a temporary moderation in US inflation rates, yet Federal Reserve leadership maintains a firm stance on potential rate increases. Kevin Warsh, the new Fed Chair, emphasizes the central bank's unwavering commitment to combating persistent inflation pressures. Despite mixed economic signals, policymakers retain all policy tools to address price stability concerns, signaling no immediate policy shift despite softer recent inflation readings.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
US inflation cools on brief ceasefire but Fed keeps rate hike option
New Fed Chair Kevin Warsh tells lawmakers the US central bank has ‘no tolerance for persistently elevated inflation’.
