US Stock Market: Fed's Jefferson signals openness to rate hike if inflation stays elevated

US Fed Vice Chair Jefferson signalled openness to a rate hike if inflation does not begin cooling soon, ahead of the July 28-29 FOMC meeting. He described the current policy stance as appropriately positioned but warned that persistent inflation, tariffs, and higher energy prices could require reassessment. Markets have largely ruled out a hike after June US CPI eased, though Dallas Fed President Logan argued higher rates may already be warranted.