News
🚨 🇺🇸 Fed's Logan says at least two more quarter-point hikes are needed, even after backing this week's hold
🚨 🇺🇸 Fed's Logan says at least two more quarter-point hikes are needed, even after backing this week's hold
- 🇺🇸 Dallas Fed President Lorie Logan said the Fed still needs at least two more 25bp rate hikes, and that skipping a meeting does not change where policy is heading (newswires, )
- 🇺🇸 She backed Wednesday's hold, saying that after 50bp of further hikes a pause would make sense to judge what else is needed, with the end goal of keeping policy moderately restrictive. She votes on policy this year, with one voting meeting left, and newswires note markets already expect a December hike
FO view: It runs against today's haven drop in US yields and adds to the pressure on tech.
Not investment advice.