Dallas Fed’s Logan flags mid-2% inflation, warns markets may be underpricing potential rate rise | Metals Mine

  • Dallas Fed’s Logan flags mid-2% inflation, warns markets may be underpricing potential rate rise

    From vtmarkets.com

    Lorie Logan, President of the Federal Reserve Bank of Dallas, said inflation remains too elevated and could prompt higher interest rates later this year if price pressures do not cool further. She said inflation is moving towards the mid-2s rather than reaching 2%, and that it is taking too long to return to the Fed’s target. She also said trimmed-mean inflation is not currently a reliable signal. Financial conditions remain accommodative and the labour market is stable, while economic activity is still strong and corporate earnings are “going gangbusters”. She added that monetary policy is not restraining the ... (full story)

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