US Fed's Logan calls for two more rate hikes, possibly rapidly

GreyOak summary

Dallas Fed President Lorie Logan stated the US central bank needs at least two more 25-basis-point rate increases to combat inflation. She noted October consumer prices rose 0.3%, projecting over 4% annual inflation if sustained. Logan emphasized the need for prompt action to prevent inflation from becoming embedded in the economy, with the next FOMC meeting scheduled for December 8-9.