**Fed Officials Weigh In on Interest Rates as Market Awaits Economic Data**

In the absence of significant economic data releases, the attention of market participants is turning toward comments from U.S. central bank officials. On Monday, Minneapolis Federal Reserve President Neel Kashkari indicated that the long-term trajectory for interest rates may rise higher than previously expected, given the robust economy and strong labor market conditions.

Echoing Kashkari's sentiments, Dallas Federal Reserve President Lorie Logan stressed a cautious, yet deliberate, approach to lowering interest rates. Speaking in New York, she remarked, "If the economy evolves as I currently expect, a strategy of gradually lowering the policy rate toward a more normal or neutral level can help manage the risks and achieve our goals." Logan also emphasized the need for flexibility, noting that various unpredictable shocks could alter the path to rate normalization. She stated, "In my view, the Federal Open Market Committee will need to remain nimble and willing to adjust if appropriate.”

Additionally, Kansas City Fed President Jeff Schmid and San Francisco Fed President Mary Daly are slated to provide their insights on Monday, adding to the chorus of voices on Fed policy.

This comes in the wake of the Federal Open Market Committee's decision last month to cut its baseline interest rate by half a percentage point, bringing it to a target range of 4.75% to 5.00%. The move, unusual in its magnitude, underscores the central bank's proactive stance in navigating the current economic landscape.