1057 ET - Amid rising inflation and inflation expectations, the Fed is effectively easing monetary policy by not hiking rates and loosening financial conditions, according to a BofA note. Before the Fed's quiet period before the meeting next week ---Dallas Fed President Lorie Logan said some economic conditions indicate that monetary policy is not restraining the economy. In a speech, Logan said AI investment continues to boom, while the job market has remained stable. Next week, the retail sales report from the Census Bureau will give economists and the Fed insight into how the consumer has held up amid the conflict in Iran. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
June 12, 2026 10:57 ET (14:57 GMT)
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