BusinessDallas Fed Chief Says More Rate Hikes Needed to Curb Inflation
Dallas Fed President Lorie Logan stated the US Federal Reserve may need to raise interest rates by another 50 basis points or more to bring inflation closer to its 2% target. Last month's quarter-point increase to 3.75-4% was a key step, but inflation is unlikely to drop below 2.5% without further hikes. The economy is strengthening and the labor market balanced, but price stability must be restored.
Firstpost World·




