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But because Logan ran the New York Fed’s bond portfolio for years before she took the top job at the Dallas Fed, her views on what’s driving long-term rates higher could carry considerable weight as policymakers weigh their next moves.
Source: https://www.shorenewsnetwork.com/2023/10/09/higher-bond-yields-may/
Dallas Fed manufacturing index edged up 5.9 points to -23.2 in June, erasing the -5.7 point decline to a three-year low of -29.1 in May.
Dallas Fed President Lorie Logan and San Francisco Fed President Mary Daly both stated that the increase in Treasury yields could mean less need for the Fed to raise rates in the current tightening cycle.
Source: https://www.marketpulse.com/news-events/central-banks/gbp-usd-flat-ahead-of-uk-gdp/kfisher