Lorie Logan News

Investing.com -- Several Federal Reserve policymakers are due to deliver closely-watched speeches on Tuesday, with investors keen to receive any clues about how a recent spike in U.S. Treasury yields could impact the central bank's interest rate path.

Investing.com — U.S. stock futures rose Tuesday, boosted by lower U.S. Treasury yields as investors digested commentary from Fed officials while keeping an eye on developments in the conflict between Israel and Hamas.

Investing.com — European stock markets rose Tuesday, with investors returning their focus to potential central bank moves while keeping an eye on the conflict in the Middle East.

Middle East. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' surprise attack on Israel as well as Fed officials' overnight comments. After dropping 15 basis points at the open, 10-year yields were 12.5 bps lower at 4.66% at 1235 GMT. Two-year yields also dived more than 13 bps to a one-month low of 4.926% as short-term rate expectations were dialled back. Yields fall when bond prices rally. Fed Vice Chair Philip Jefferson and Dallas Fed president Lorie Logan both noted on Monday that the recent run-up in yields may reduce the need for further interest rate hikes. «If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening,» Logan said. Analysts at Citi noted Logan has been one of the strongest advocates that the Fed would need to follow through with further tightening, but interpreted her remarks as suggesting that higher long-term rates curtail the need for short-end hikes. Implied futures pricing has reduced the probability of another rate hike this year from above 40% last week to about 26% on Tuesday, according to CME's FedWatch tool. The Mideast conflict, already claiming more than 1,500 lives, drove bond yields lower globally on Monday as investors turned to safe-haven assets.

Two Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks

Investing.com — The Dow closed higher Monday, as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.  

DALLAS (Reuters) — The recent rise in long-term U.S. Treasury yields and tighter financial conditions more generally could mean less need for the Federal Reserve to raise interest rates further, Dallas Fed President Lorie Logan said on Monday.

Underlying U.S. inflation is seen rising at a monthly pace that corroborates the message from central bankers that interest rates will need to stay higher for longer.

Investing.com — U.S. stocks were rising on hopes the Federal Reserve will leave rates unchanged when it meets this month, as investors anticipate nearing the end of its interest rate increases.

Investing.com — U.S. stock futures edged higher Monday, bouncing after the previous week’s losses with investors awaiting the release of key inflation data as well as more earnings from the tech sector.

Investing.com — The U.S. dollar edged lower in early European trade Friday, but remains on track for an eighth straight winning week as U.S. economic resilience brings further Federal Reserve rate hikes into question. 

Gold prices firmed on Friday but were set for a weekly decline as the dollar and Treasury yields held firm with strong U.S. economic data raising concerns of the Federal Reserve keeping interest rates higher for longer.FUNDAMENTALS * Spot gold was up 0.2% at $1,922.87 per ounce, as of 0116 GMT, but set for a 0.8% weekly fall.

(Reuters) — Dallas Federal Reserve Bank President Lorie Logan on Thursday said that while it «could be appropriate» to skip an interest-rate increase at the U.S. central bank's upcoming meeting, more policy tightening will likely be needed to get inflation down to 2% in a timely way.

Investing.com-- Gold prices fell Tuesday as the U.S. currency and bond yields remained firm before a string of Federal Reserve speakers this week. 

Investing.com — The U.S. dollar edged lower in early European trade Monday, in thin holiday-affected volumes as traders continued to digest last week’s mixed U.S. jobs report and the possible impact on thinking at the Federal Reserve ahead of this month’s policy-setting meeting. 

Investing.com — After Friday’s jobs report cemented expectations that the Federal Reserve will keep interest rates on hold later this month, the economic calendar will be lighter in the coming holiday-shortened week. Stocks go into September after notching up strong weekly gains last week, while data out of China will likely add to concerns over the outlook for the world’s number two economy. The Reserve Bank of Australia will likely stand pat for a third straight meeting and supply worries look set to underpin oil prices.

By Hannah Lang

Investing.com — The U.S. economy added jobs at a slower-than-anticipated pace in June, but labor conditions remain largely tight as Federal Reserve officials prepare for an upcoming interest rate decision later this month.

Investing.com — Investors look ahead to the publication of the latest U.S. nonfarm payrolls report, hoping that the data will provide some clues into the Federal Reserve's policy outlook. Elsewhere, Twitter threatens to bring a lawsuit against Meta over the Instagram owner's new Threads app, while the Chinese government reportedly gears up to impose a $1.1 billion fine on fintech titan Ant Group.

By Bansari Mayur Kamdar and Johann M Cherian

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