Dallas Fed Logan signals readiness to vote for rate hike

Dallas Fed President Lorie Logan stated modestly higher rates would better balance FOMC goals, dismissing June CPI relief as insufficient and targeting inflation toward mid-2% rather than 2%. Her hawkish stance signals potential support for additional rate increases, reinforcing the rate-path repricing underway since Fed Chair Waller's July 13 comments. USD strength likely on renewed policy tightening expectations ahead of Tuesday's CPI print.