Fed Official Warns Against Rate Cuts Amidst Persistent Inflation

Lorie Logan, President of the Dallas Fed, underscored the Federal Reserve’s cautious stance on rate cuts, citing persistent inflation above target as a key concern. Her remarks, delivered in Austin during speaking engagements, indicate an ongoing commitment to a more ‘higher for longer’ policy approach. This outlook has implications for cryptocurrency markets, where a stronger U.S. dollar and cooling expectations for immediate rate cuts impact crypto investments.