Forex Signal Bullish

Feds Logan

Fed’s Logan says would have been ok with a June rate hike

  • More rate hikes are likely necessary
  • Very concerned whether inflation will cool quickly enough
  • Challenging and uncertain environment enabled June pause
  • Process of rebalancing economy slower than expected
  • Skeptical about lagged impact of past Fed rate hikes
  • Housing market may have bottomed out
  • Housing sector rebound might threaten progress on inflation

A hike later this month is a done deal, no matter what next week’s CPI says.