Fed's Logan Indicates Next Rate Move Could Be Either a Cut or Hike
Federal Reserve Bank of Dallas President Lorie Logan stated that the central bank should not signal a bias toward rate cuts, as the economic outlook remains highly uncertain and inflation concerns persist. She dissented against language in the FOMC meeting statement suggesting the next move would be a rate cut, supporting the decision to keep rates steady at 3.5% to 3.75%.
Topics: Federal Reserve Inflation Interest Rates Monetary Policy