WS #16625
Federal Reserve Governor Raphael Logan explicitly stated that at least two more quarter-point rate hikes are needed before pausing, pushing the terminal rate estimate toward 4.25–4.50%. This hawkish signal, delivered in the context of surging oil prices and sticky inflation, has dampened hopes for near-term monetary easing. The stance is particularly bearish for growth stocks and real estate, as the cost of capital remains elevated.
Monetary Policy Hawkishness
Federal Reserve Governor Raphael Logan explicitly stated that at least two more quarter-point rate hikes are needed before pausing, pushing the terminal rate estimate toward 4.25–4.50%. This hawkish signal, delivered in the context of surging oil prices and sticky inflation, has dampened hopes for near-term monetary easing. The stance is particularly bearish for growth stocks and real estate, as the cost of capital remains elevated.