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Fed signals at least two more 25-point hikes
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- St. Louis Fed President Alberto Musalem said additional monetary tightening will be needed soon.
- Dallas Fed President Lorie Logan warned the FOMC needs at least two more 25-basis-point hikes.
- The Federal Reserve kept its policy rate at 3.75%–4.00% after a 10-2 vote.
- Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring a quarter-point rate increase.
