Fed's Logan doesn´t see enough reasons yet for a rate pause in June

A top US central bank official cast her ballot in favour of a further rate hike at the Federal Reserve's 14 June meeting.

However, she did leave the door open to the possibility of a pause.

In remarks prepared for a speech, Dallas Fed boss, Lorie Logan, said that the economic data published thus far did not yet justify a pause.

Nonetheless, she went on to add that: "the data in coming weeks could yet show that it is appropriate to skip a meeting. As of today, though, we aren't there yet."

"We haven’t yet made the progress we need to make. And it’s a long way from here to 2% inflation."

In a separate speech earlier, Fed Governor, Philip Jefferson, didn't appear to show his hand quite as clearly.

He did say that he expected slower growth to reduce hiring "soon", although he also said that the jobs market was currently one of the strongest in decades.

As for inflation, he said that it had come down "substantially" but that it was still "too high", while prices for non-housing services at around 4.5% remained "stubbornly" high and showed no signs yet of a significant decline.