Two Fed voting members turned hawkish, expressing concerns about inflation risks.

Early this morning, two more Fed governors came out with hawkish remarks. Logan said there is a need to guard against high inflation risks, stating that the current interest rate level has limited effect and there is no need for further rate cuts.

Hammack directly said there is no urgent need for rate cuts this year, as inflation is still too high.

It's important to note that both of them are Fed voting members this year and can vote, which highlights the continued importance of data, especially CPI inflation data, to see when it can come down.

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