Federal Reserve’s Logan Says December Rate Cut Unlikely Amid Elevated Repo Rates

Federal Reserve official Logan reiterated that interest rates should not be reduced this week or in December, citing a balanced labor market and inflation expected to stay above the long-term 2% target. She stressed that clear and compelling evidence of faster inflation declines or labor market cooling is required before supporting further monetary easing. Her remarks reinforce the Fed’s cautious stance amid persistent inflationary pressures.

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