Summary
- Lorie Logan, Dallas Fed president, expressed a cautious stance on December rate cuts.
- Logan said the data and financial market conditions should be closely reviewed.
- He said the possibility of a rate hold or slight adjustment is being discussed at the December FOMC.
Regarding the Federal Reserve (Fed)'s December rate decision, Lorie Logan, president of the Federal Reserve Bank of Dallas, expressed a cautious stance on additional rate cuts.
On the 14th (local time), according to economic news channel Walter Bloomberg, President Logan said, "It is difficult to support additional rate cuts at the December meeting." He added, "I will closely review the data and carefully monitor financial market conditions for future policy decisions."
President Logan has pointed out that despite some signs of slowing inflation, uncertainties still exist across the labor market and real economy indicators. With opinions within the Fed divided over the size of a December cut, his remarks are interpreted as a warning against "excessive easing."
Markets are pricing in the possibility of at least a 25bp cut at the December Federal Open Market Committee (FOMC), but with some members advocating a hold or a slight adjustment, the final decision is expected to depend on the flow of indicators.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
