Fed’s Rogan: Not Yet Convinced We Are Moving Toward 2% Inflation Goal

On Friday, Dallas Fed President Lori Logan said that there has been some “promising progress” in fighting inflation, but that inflation remains too high.

Promising progress has been made in the fight against inflation, but inflation remains too high.

There is no certainty yet that we are moving toward 2% inflation.

The economy continues to perform well and the labor market remains tight.

By and large, restrictive financial conditions matter

The Fed has some time to observe the economy and markets before deciding on monetary policy.

The Fed has been consistent in restoring price stability.

The rise in some bond yields is related to term premiums

The rise in some bond yields is also related to strong economic data

The rise in bond yields is fairly orderly

Bond markets are functioning normally, but still need to be on guard against trouble

Following the comments, the US Dollar Index (DXY) rose 0.04% on the day to trade at 106.26.

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