Bloomberg Surveillance · Monday, July 13, 2026
An analyst from BNY Mellon suggests that the possibility of a July rate hike by the Federal Reserve was unlikely, stating the 'door wasn't really open, maybe a jar in the first place.' He argues that given the current state of global demand, no central bank should be considering rate hikes unless there's a significant change in the inflation outlook.
“If we get an inline CPI, do you think that closes the door to a July ray hike?”
“I would say the door wasn't really open, maybe a jar in the first place, but clearly yes. And to be Frank, I don't think any central bank right now, given the state of demand globally, should be thinking about ray hikes unless there's a serious change in the inflation outlook rin now via the Strait or otherwise.”