Fed's Logan: Will find it difficult to cut rates again in December

Group 1 - The Federal Reserve's economic outlook suggests that interest rates are unlikely to be cut in December unless inflation decreases significantly or the labor market cools more than currently anticipated [1][2] - Dallas Fed President Lori Logan emphasized that inflation remains too high and is taking too long to return to the Fed's 2% target, indicating that prior rate cuts have already mitigated potential downside risks to the job market [2][3] - The stock market's performance is seen as disconnected from the broader economy, with certain companies thriving regardless of economic conditions, highlighting a cognitive dissonance in market perceptions [3][4] Group 2 - A notable percentage of the S&P 500, specifically 9%, was at 52-week lows, marking the highest level since April, indicating potential market volatility [4] - The discussion around the "Magnificent 7" companies suggests that their performance is not influenced by Federal Reserve actions, indicating a shift in market dynamics where these companies operate independently of traditional economic indicators [5]