Dallas Federal Reserve President Lorie Logan on Tuesday said the central bank’s “liquidity backstop should be available whenever" banks need it.
The remarks come a day after Federal Reserve Bank of St. Louis President James Bullard said he expects two more rate hikes would be needed to stymie inflation. Despite the hawkish remarks, about 88% of traders continue to believe that the Fed will pause in June, according to Investing.com’sprices after the Saudi energy minister stoked the prospect of further cuts after warning speculators against taking bearish positions in oil.activity rose more than expected in April to a 12-month high, threatening to boost inflation.
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Stock Market News Today: Biden and McCarthy due for debt-ceiling talksUS stocks trade mixed as Biden and McCarthy are due to meet on debt-ceiling talks
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