Fed's Logan continues to call for gradual pace of rate cuts

Investing.comOct 21, 2024 8:56 PM

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Investing.com -- Dallas Fed president Lorie Logan said Monday she continues to see the need for gradual rate cuts toward a neutral level to help manage the risk of faster cooldown in the labor market or pick up in the pace of inflation.

"If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a more normal or neutral level can help manage the risks and achieve our goals," Logan said in a speech Monday.

The Dallas Fed chief said risks to the labor market cooling faster than expected remain a concern despite the blowout September jobs report.

The comments weeks ahead of the central bank's Nov. 6-7. Traders are currently expecting the Fed to cut rates by 25 basis points, according to Investing.com's Fed Rate Monitor Tool.

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