🔘 Dallas Fed President Lorie Logan says she expects interest rates will need to be raised two more times as the US central bank struggles to bring inflation down
📌 Speaking at an energy conference in Houston, Logan said: “A more restrictive policy will be necessary to achieve an appropriate balance between the outlook and the risks related to inflation and employment. It is important to achieve this balance as soon as possible.”
📌 She added: “The longer inflation remains above the target, the greater the risk that it will become embedded in economic behavior.”
📌 Earlier the same day, Federal Reserve Governor Christopher Waller said he expects a quarter-point interest rate increase to be an appropriate step at the next monetary policy meeting in December.
📌 He also noted the possibility that the US Federal Reserve may have to raise rates by half a percentage point if inflation figures come in higher than expected—which is what happened in Tuesday’s Consumer Price Index report.
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📌 Speaking at an energy conference in Houston, Logan said: “A more restrictive policy will be necessary to achieve an appropriate balance between the outlook and the risks related to inflation and employment. It is important to achieve this balance as soon as possible.”
📌 She added: “The longer inflation remains above the target, the greater the risk that it will become embedded in economic behavior.”
📌 Earlier the same day, Federal Reserve Governor Christopher Waller said he expects a quarter-point interest rate increase to be an appropriate step at the next monetary policy meeting in December.
📌 He also noted the possibility that the US Federal Reserve may have to raise rates by half a percentage point if inflation figures come in higher than expected—which is what happened in Tuesday’s Consumer Price Index report.
$BTC
$INIT
$PEPE
#NvidiaInvestigatesAfterHuang’sAffairApology
#AIChipSlumpNasdaq
#BitcoinFiveWeeklyLosses
#ADPWeeklyEstimateShowsUSPrivatePayrollsUp19750
#HotCPIDecemberHikePriced
