Posted 10/9/2023, 5:52:26 PM
Fed Officials Advocate 'Careful' Approach to Rate Hikes Amid Recession Worries
- Fed officials say rate hikes should proceed 'carefully' to curb inflation while avoiding recession
- Vice Chair Philip Jefferson Committee can 'proceed carefully' in assessing needed policy tightening
- Dallas Fed's Lorie Logan Will 'carefully' evaluate data when deciding on further hikes
- Officials note rise in long-term yields may mean less or more tightening needed
- Markets see high probability of no hike at next FOMC meeting, but more may be needed later
