Lorie Logan News

Subscribe to enjoy similar stories.Kevin Warsh, who is expected to be confirmed by the Senate later this month as the next Federal Reserve chair, will inherit a central bank that appears to be stuck in policy limbo due to concerns about escalating inflation. But Warsh may have more options than investors think.Bond traders no longer expect the Fed to cut interest rates this year.

Subscribe to enjoy similar stories.The Federal Reserve’s internal debate over interest rates has turned a corner. Officials are no longer arguing about when to resume cutting.

Subscribe to enjoy similar stories.Jerome Powell held his last press conference as Federal Reserve chair on Wednesday afternoon, but said he would stay on as a Fed governor pending the conclusion of an investigation into the renovation of the Fed’s Washington, D.C., headquarters.Powell, whose term as a governor runs through early 2028, said he would keep a low profile and has no interest in acting as a shadow chair under his presumptive successor, Kevin Warsh. That may be welcome news to Warsh, given the other challenges he is likely to face, including the most fractious Federal Open Market Committee in more than 30 years.The Fed held its federal-funds rate target steady after its April 28-29 policy meeting in a range of 3.5% to 3.75%, as expected.

Subscribe to enjoy similar stories. The White House wants lower rates. The Federal Reserve just got a week’s worth of reasons not to deliver them at its March meeting.

Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. Brent futures lost 12 cents, or 0.15%, to trade at $81.74 a barrel by 0008 GMT, while U.S. West Texas Intermediate (WTI) crude was down 17 cents, or 0.22%, at $77.74.

Bitcoin (BTC) began the week on a downward trend, trading around $61,000 with an intraday low of $60,675. Despite a previous surge following the U.S. approval of exchange-traded funds (ETFs), Bitcoin has not regained momentum.

interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers' inflation expectations. «There are… important upside risks to inflation that are on my mind, and I think there's also uncertainties about how restrictive policy is and whether it's sufficiently restrictive» to return inflation to the U.S. central bank's 2% target, Dallas Fed President Lorie Logan said at a Louisiana Bankers Association conference in New Orleans.

Federal Reserve officials and looked ahead to crucial inflation data next week. The S&P 500 and the Dow were modestly higher and the Nasdaq ended essentially unchanged. All three indexes were up for the week with the blue-chip Dow nabbing its largest Friday-to-Friday percentage advance since mid-December.

As major crypto prices chop within weekly ranges as traders contend with more strong US economic data and fresh hawkish commentary from Fed policymakers which has had the combined effect of pushing markets to downsize bets on Fed rate cuts in 2024, investors looking for fast returns continue to comb the altcoins markets for the best crypto to buy today.

By Howard Schneider

Stocks finished the day lower but managed to hold onto support, and it seems to suggest that today we are likely to see some kind of move.

By Michael S. Derby

Investing.com — U.S. stock futures edged lower Monday, with investors nervous ahead of the release of crucial inflation data that could influence future Federal Reserve thinking over potential interest rate cuts.

Investing.com — Stocks sank on Thursday after Federal Reserve Chair Jerome Powell dashed investor enthusiasm over the end of interest rate increases.

By Chuck Mikolajczak

By Marc Jones

Asian shares rose on Thursday as markets wagered that U.S. rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the U.S. consumer inflation report later in the day for further monetary policy clues.

Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank «watch and see» if its own policy rate needs to rise again or not. Waller, who has been among the most vocal advocates for higher interest rates to fight inflation, said price data seemed to now be moving back towards the Fed's 2% target, with financial markets adding further credit tightening of their own. «We're in this position where we kind of watch and see what happens on rates,» said Waller, who was interviewed by former Republican House Speaker and Wisconsin Congressman Paul Ryan at a high-profile GOP event in Utah. «The financial markets are tightening up and they are going to do some of the work for us...We are just keeping a very close eye on that.

Federal Reserve is on track to tackle US inflation without pushing the country into a damaging recession, a senior official on the bank's rate-setting committee said Tuesday. After pushing its key lending rate to a 22-year high to tackle stubborn inflation, the Fed recently slowed down the pace of its hikes, citing a need to be data-dependent.

Investing.com — The S&P 500 jumped Tuesday as investors continued to digest remarks from Federal Reserve officials hinting at another pause on rate hikes next month.

Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.