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Dallas Fed

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energy3 hours ago•7 min saved

Dallas Fed poll: Hormuz turmoil likely to persist, shaping oil costs and output

A Dallas Fed survey of 116 oil and gas executives finds the Strait of Hormuz disruption is likely to linger through August, keeping shipping costs elevated and offering little offset from U.S. output; executives remain wary of a quick market rebound, expect modest U.S. production gains this year and next, and cite a price environment around $94 per barrel with ongoing risk of future Hormuz disruptions despite White House assurances.

via Politico|

#dallas-fed #energy #iran-war

finance2 years ago•2 min saved

Dallas Fed's Logan Advocates for Rate Hikes to Combat Inflation and Strengthen Economy

Dallas Fed President Lorie Logan expressed her desire to raise rates in June and expects the central bank to raise rates twice more this year. While the Fed voted to hold rates steady last month, Logan joins a group of officials who preferred a rate increase. Factors such as a strong labor market, resilient economic growth, and elevated inflation were cited as reasons for additional policy tightening. The Fed's updated economic forecasts suggest two more rate hikes this year. Logan emphasized the importance of following through on these projections, expressing concern about inflation and the need for more restrictive monetary policy.

via Yahoo Finance|

#dallas-fed #finance #inflation

finance2 years ago•2 min saved

Dallas Fed President: Economic Data Not Yet Justifying Rate Hike Pause

Dallas Federal Reserve President Lorie Logan said that inflation remains too high and is not cooling quickly enough to justify pausing interest rate increases at the central bank's June meeting. She emphasized that the decision will ultimately hinge on inflation and employment data released shortly before the June 13-14 meeting. Although inflation has eased from a peak of 9.1%, it remains about more than double the pre-pandemic average and well above the Fed's 2% target rate. The hawkish comments from Logan and Cleveland Fed President Loretta Mester have raised the specter of an 11th rate hike in June.

via Fox Business|

#dallas-fed #finance #inflation