PANews reported on October 31 that Federal Reserve official Logan stated the Fed should not cut interest rates this week, nor should it cut rates again in December. She noted that the labor market is "generally balanced" and does not require immediate support, while inflation appears likely to remain above the 2% target for an extended period. Logan stated, "The current economic outlook does not warrant a rate cut. I don't think a rate cut is necessary this week. Unless there is clear evidence that inflation will fall faster than expected, or that the labor market will cool faster, I would find it difficult to support another rate cut in December." Logan does not have a vote on the Fed's policy-making committee this year. She stated that data from the private sector, state unemployment claims, and the Fed's own network of business and community contacts all provide the central bank with a perspective on the economy, and the overall situation is "far from worrying."PANews reported on October 31 that Federal Reserve official Logan stated the Fed should not cut interest rates this week, nor should it cut rates again in December. She noted that the labor market is "generally balanced" and does not require immediate support, while inflation appears likely to remain above the 2% target for an extended period. Logan stated, "The current economic outlook does not warrant a rate cut. I don't think a rate cut is necessary this week. Unless there is clear evidence that inflation will fall faster than expected, or that the labor market will cool faster, I would find it difficult to support another rate cut in December." Logan does not have a vote on the Fed's policy-making committee this year. She stated that data from the private sector, state unemployment claims, and the Fed's own network of business and community contacts all provide the central bank with a perspective on the economy, and the overall situation is "far from worrying."
Fed's Logan: The Fed doesn't need to cut rates this week; opposes another rate cut in December.
2025/10/31 21:27
PANews reported on October 31 that Federal Reserve official Logan stated the Fed should not cut interest rates this week, nor should it cut rates again in December. She noted that the labor market is "generally balanced" and does not require immediate support, while inflation appears likely to remain above the 2% target for an extended period. Logan stated, "The current economic outlook does not warrant a rate cut. I don't think a rate cut is necessary this week. Unless there is clear evidence that inflation will fall faster than expected, or that the labor market will cool faster, I would find it difficult to support another rate cut in December." Logan does not have a vote on the Fed's policy-making committee this year. She stated that data from the private sector, state unemployment claims, and the Fed's own network of business and community contacts all provide the central bank with a perspective on the economy, and the overall situation is "far from worrying."
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
ADA Price Prediction: Here’s The Best Place To Make 50x Gains
But while Cardano holds steady, Remittix is turning into the breakout story of 2025. Having raised over $25.9 million from […] The post ADA Price Prediction: Here’s The Best Place To Make 50x Gains appeared first on Coindoo.
Share
Coindoo2025/09/18 01:53
New York Regulators Push Banks to Adopt Blockchain Analytics
New York’s top financial regulator urged banks to adopt blockchain analytics, signaling tighter oversight of crypto-linked risks. The move reflects regulators’ concern that traditional institutions face rising exposure to digital assets. While crypto-native firms already rely on monitoring tools, the Department of Financial Services now expects banks to use them to detect illicit activity. NYDFS Outlines Compliance Expectations The notice, issued on Wednesday by Superintendent Adrienne Harris, applies to all state-chartered banks and foreign branches. In its industry letter, the New York State Department of Financial Services (NYDFS) emphasized that blockchain analytics should be integrated into compliance programs according to each bank’s size, operations, and risk appetite. The regulator cautioned that crypto markets evolve quickly, requiring institutions to update frameworks regularly. “Emerging technologies introduce evolving threats that require enhanced monitoring tools,” the notice stated. It stressed the need for banks to prevent money laundering, sanctions violations, and other illicit finance linked to virtual currency transactions. To that end, the Department listed specific areas where blockchain analytics can be applied: Screening customer wallets with crypto exposure to assess risks. Verifying the origin of funds from virtual asset service providers (VASPs). Monitoring the ecosystem holistically to detect money laundering or sanctions exposure. Identifying and assessing counterparties, such as third-party VASPs. Evaluating expected versus actual transaction activity, including dollar thresholds. Weighing risks tied to new digital asset products before rollout. These examples highlight how institutions can tailor monitoring tools to strengthen their risk management frameworks. The guidance expands on NYDFS’s Virtual Currency-Related Activities (VCRA) framework, which has governed crypto oversight in the state since 2022. Regulators Signal Broader Impact Market observers say the notice is less about new rules and more about clarifying expectations. By formalizing the role of blockchain analytics in traditional finance, New York is reinforcing the idea that banks cannot treat crypto exposure as a niche concern. Analysts also believe the approach could ripple beyond New York. Federal agencies and regulators in other states may view the guidance as a blueprint for aligning banking oversight with the realities of digital asset adoption. For institutions, failure to adopt blockchain intelligence tools may invite regulatory scrutiny and undermine their ability to safeguard customer trust. With crypto now firmly embedded in global finance, New York’s stance suggests that blockchain analytics are no longer optional for banks — they are essential to protecting the financial system’s integrity.
Share
Coinstats2025/09/18 08:49
Bitcoin whales offload 147K BTC in one month: Is $100K BTC price next?
Bitcoin whale distribution and a weakening technical structure could push BTC price into an extended sell-off toward $100,000. Key takeaways:Bitcoin whales have sold 147,000 BTC over the past 30 days.BTC price bear flag targets $100,000 if support breaks. Read more
Share
Coinstats2025/09/24 17:33