Dallas Fed Chair signals rate increase
Dallas Federal Reserve Chair Lori Logan expects that officials may need to raise interest rates later this year in order to stabilize inflation, which still does not appear to be returning to the target of 2%. She noted that the labor market is balanced and financial conditions are favorable, but inflation remains a challenge, with prices rising approximately 3.8% over the 12 months ending in April due to factors such as higher fuel, rent, and food prices.
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