- Analytics
- News and Tools
- Market News
- Fed's Logan: Must be prepared to keep raising interest rates for longer than anticipated
Fed's Logan: Must be prepared to keep raising interest rates for longer than anticipated
"We must remain prepared to continue rate increases for a longer period than previously anticipated, if such a path is necessary to respond to changes in the economic outlook or to offset any undesired easing in conditions," Dallas Federal Reserve President Lorie Logan said on Tuesday, as reported by Reuters.
Additional takeaways
"Even after pausing rate hikes, need to stay flexible, tighten further if conditions call for it."
"Need continued gradual rate hikes until see convincing evidence inflation falling to 2% in sustainable, timely way."
"Tightening policy too little is top risk."
"Tightening too much or too fast risks weakening labor market more than necessary."
"Should not lock in a peak Fed policy rate or precise rate path."
"Has been some progress on inflation, will need to see slower inflation in services."
"Little sign of improvement in core services ex housing inflation; symptomatic of tight labor market."
"Need better balance in labor market to bring inflation sustainably back to 2%."
"US job market is incredibly strong; likely to need substantially slower wage growth to reduce inflation."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen trading flat on the day at around 103.30.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
