Dallas Fed’s Logan calls for two more 25-basis-point rate hikes

Dallas Federal Reserve President Lorie Logan has called for at least two additional 25-basis-point rate hikes, indicating a continued tightening stance by the Federal Reserve. This statement aligns with the Fed’s ongoing efforts to combat inflation, which Logan noted remains above the central bank’s 2% target. The current federal funds rate stands between 3.75% and 4.00%, and Logan’s remarks suggest a potential increase to a target range of 4.25% to 4.50% if her recommendations are implemented. Developments in inflation data will be crucial, as persistent high inflation could lead to additional support for Logan’s stance on rate hikes. The upcoming Federal Open Market Committee (FOMC) meetings will be closely monitored for any policy changes or shifts in tone that could impact the likelihood of future rate hikes.

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