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Dallas, Cleveland and Minneapolis Fed leaders back rate increase, Annmarie Hordern notes

Dallas, Cleveland and Minneapolis Fed leaders back rate increase, Annmarie Hordern notes
Fed officials dissent in favor of hike

Annmarie Hordern reports that three Federal Reserve officials—Dallas Fed President Lorie Logan, Cleveland’s Beth Hammack and Minneapolis Fed chief Neel Kashkari—dissented in favor of raising interest rates by a quarter percentage point.

Their positions align with expectations regarding ongoing debates over U.S. monetary policy direction.

Hordern has previously covered regional financial issues, including delays in bank transfers from Saudi Arabia to the United Arab Emirates. Those delays raised concerns for firms operating in the Gulf. The latest Fed dissents follow her ongoing reporting on cross-border transactions and financial policy Developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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