Fed Officials Reaffirm Need for Additional Rate Hikes, Advocate Gradual Approach

Several U.S. Federal Reserve officials have reiterated the necessity for further interest rate increases, while also emphasizing a gradual tightening strategy to minimize market and economic disruptions. Dallas Fed President Lorie Logan stated that the Federal Open Market Committee (FOMC) would likely need at least two more 25-basis-point rate hikes. This follows the FOMC's recent decision to keep benchmark interest rates unchanged.