From Yahoo Finance: 2025-06-02 11:51:00

Dallas Federal Reserve Bank President Lorie Logan states that the Fed is monitoring data closely to determine future policy decisions, with a focus on inflation data. The Fed’s target for inflation is 2%, but PCE inflation is currently at 2.1%. Half of businesses surveyed expect to raise prices due to Trump’s tariffs. Logan warns that higher expectations for inflation could become entrenched. She also highlights the potential economic impact of tariffs, national policies, and market volatility. Despite uncertainties, the labor market remains stable. Economists expect a slight decrease in job growth for May, with the unemployment rate holding steady at 4.2%.



Read more at Yahoo Finance: Fed can be patient, ready to respond if needed: Logan