Dallas Federal Reserve President Lorie Logan indicated that despite recent positive inflation data, the current economic situation warrants "modestly" higher interest rates. Logan emphasized that this week's inflation news, while good, did not meet the threshold for halting rate hikes. This stance suggests a continued hawkish outlook from some Fed officials. Such a move could strengthen the US dollar and potentially pressure international gold prices, impacting local rates in Pakistan.
بحوالہ / Source: www.cnbc.com