Fed needs at least two more rate hikes, says Logan

Dallas Fed President Lorie Logan said the central bank likely needs at least two more rate hikes, signaling further tightening ahead. The stance implies higher borrowing costs that could weigh on economic growth as inflation concerns persist. For crypto markets, the message reinforces a higher-for-longer rate backdrop that has pressured risk assets, though the article cited no specific token prices, TVL, volumes, market caps, or funding figures. Traders will watch incoming inflation and labor data, along with guidance from other Fed officials, for confirmation of the pace and terminal level of rate increases.