Dallas Fed President Lorie Logan recently spoke with considerable hawkishness, reiterating essentially her view from two weeks ago: core inflation is still hovering close to 2.5%, even after disregarding recent shocks, justifying a tighter policy stance. However, markets dismissed these hawkish signals, triggering a brief sell-off, and are now attempting to recover. Logan, one of the three dissenting Fed members who opposed holding rates steady, continued her hawkish remarks throughout the day following the rate decision. #fed #interestrates #gold
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