BREAKING: Federal Reserve official Mary Logan, who will be a voting member in 2026, has just announced her preference to keep interest rates unchanged, a move that could significantly impact market expectations. In a statement today, Logan expressed her support for fellow hawk Kansas City Fed President Schmid, who will lose his vote next year.
Logan revealed that if she were a voting member this week, she would have chosen to maintain the current rates, reflecting her cautious approach as inflation concerns linger. “I would prefer to leave rates unchanged in December,” she stated, directly influencing the central bank’s strategy moving forward.
Currently, the market is pricing in a 68% chance of a rate cut in December, but Logan’s firm stance suggests that this will be a contentious issue among policymakers. The Fed’s decisions directly affect borrowing costs and, by extension, the economy.
With inflation still a pressing issue, Logan’s position underscores the ongoing debate within the Fed about how best to navigate these turbulent economic waters. Analysts and investors alike are closely monitoring her statements, as they have the potential to shift market sentiment significantly.
As we move closer to December, all eyes will be on the Fed’s upcoming meetings and Logan’s influence on the voting dynamics. The tension within the Federal Reserve could lead to pivotal decisions that affect millions of Americans, especially those relying on loans and mortgages.
Stay tuned for more updates on this developing story as the situation unfolds.
