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Feds Logan: Data at this time does not support skipping rate hike at the next meeting

Feds Logan: Data at this time does not support  skipping rate hike  at the next meeting
Dallas Fed President Logan is expected to speak later but the text of her speech is being leaked out. CNBC is reporting:Data at this time does not support skipping a rate hike at the next meeting in JuneData incoming weeks could yet show that it is appropriate to skip a meetingAs of today, we are not there yetThe Fed still has work to do in achieving its goal of price stabilityIt is a long way from here to 2% inflationShe pointed out that the core PCE price index ran a 4.9% annualized pace in th... Read More
Posted: May 18 2023, 12:51
Author Name: forexlive
Views: 081599

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