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flag Dallas and Cleveland Fed officials signal patience on rate cuts, citing persistent inflation despite progress.

flag Dallas Fed's Lorie Logan expressed cautious optimism that the current 3.50%-3.75% interest rate policy will bring inflation to the 2% target without harming the labor market, citing progress in inflation expectations and housing services, but warned persistent inflation risks remain. flag Cleveland Fed's Beth Hammack, a 2026 FOMC voter, said inflation is still too high, possibly staying at 3%, and stressed no immediate rate cuts are expected, with both officials emphasizing data-driven decisions.

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