Fed's Logan: Another rate hike shouldn't be ruled out
On January 7th, Fed's Logan warned that the Fed may need to resume raising short-term policy rates to prevent a recent decline in long-term bond yields from reigniting inflation. "If we do not maintain sufficiently tight financial conditions, we face the risk of inflation rebounding and reversing the progress we have made," Logan said. "Restrictive financial conditions play an important role in keeping demand and supply in line and maintaining stable inflation expectations," she said, noting that the inflation rate is already close to the Fed's target of 2% and that the labor market, although still tight, is rebalancing. "If we do not maintain sufficiently strict financial conditions, we cannot expect to maintain price stability."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple XRP vs.SEC Legal Case to Close Soon
Bitcoin Sets Higher Lows—Can Bulls Target $88K Resistance?

Solana Faces 50% Drop Risk as $125–$137 Range Holds the Key Amid Market Volatility

Panama City Council makes history as the first government institution accepting crypto payments
Share link:In this post: Panama City council voted in favor of becoming the first public institution of government to accept payments in cryptocurrencies. Citizens will now be able to pay taxes, fees, tickets and permits entirely in crypto starting with BTC, ETH, USDC, and USDT. The city partnered with a bank that will receive crypto payments and convert them on the spot to U.S. dollars, allowing for the free flow of crypto in the entire economy.

Trending news
MoreCrypto prices
More








