Fed's Logan: May CPI is welcome news, but more months of data needed to be confident
==========
Dallas Federal Reserve President Lorie Logan stated that while May's CPI reading is positive, she requires additional months of data to be confident about inflation reaching the Fed's 2% target. Logan expressed concerns about upside risks to inflation and emphasized that the Fed has made significant progress in controlling inflation. She also mentioned that the central bank is in a good position to be patient with monetary policy. Other Fed speakers, such as Musalem and Kugler, have also commented on the need for more data to be confident about rate cuts and the progress made in inflation. Williams stated that recent data is encouraging, but 3% inflation is not the new norm.
#FederalReserve #Inflation #Cpi #MonetaryPolicy
https://seekingalpha.com/news/4117112-fed-logan-may-cpi-more-months-of-data-needed
Seeking Alpha /
npub1qpf…damf
2024-06-18 21:02:10
Author Public Key
npub1qpfrthtcf6g8grmwfv45qf28aa4xqk73pgnmwjdfuze8zl2l2cnsewdamfPublished at
2024-06-18 21:02:10Event JSON
{
"id": "50b2b1c219199d9e13549f0774684bed5ac988ef4d41503e44bf5697f4a47d0a",
"pubkey": "005235dd784e90740f6e4b2b402547ef6a605bd10a27b749a9e0b2717d5f5627",
"created_at": 1718737330,
"kind": 1,
"tags": [],
"content": "Fed's Logan: May CPI is welcome news, but more months of data needed to be confident\n==========\n\nDallas Federal Reserve President Lorie Logan stated that while May's CPI reading is positive, she requires additional months of data to be confident about inflation reaching the Fed's 2% target. Logan expressed concerns about upside risks to inflation and emphasized that the Fed has made significant progress in controlling inflation. She also mentioned that the central bank is in a good position to be patient with monetary policy. Other Fed speakers, such as Musalem and Kugler, have also commented on the need for more data to be confident about rate cuts and the progress made in inflation. Williams stated that recent data is encouraging, but 3% inflation is not the new norm.\n\n#FederalReserve #Inflation #Cpi #MonetaryPolicy\n\nhttps://seekingalpha.com/news/4117112-fed-logan-may-cpi-more-months-of-data-needed",
"sig": "409b41a73f8b8c190542a9d674a274ff55e122c3ccf2c286ef1765385316228a149c33a0a5982f5edf99ea08239507fa56697be612750e58fa4f5a59a14def79"
}