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المشهد العربي
Logan urges 50-point rate hike to curb inflation
Dallas Federal Reserve Chair Lori Logan stated that an additional 50 basis point increase in U.S. interest rates is advised to combat inflation and balance economic risks. She explained that the rise in Treasury bond yields over recent weeks has been contributing to a slowdown in economic activity, thereby reducing the central bank's reliance on continuous rate hikes. These remarks come after a 25 basis point increase in September, the first such raise in three years, amidst ongoing challenges in lowering inflation.
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