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Fed's Mester: No compelling reason to wait on rate hikes
No compelling reason to wait until more evidence to decide what to doMore of a compelling case for bringing rates up then holding for a whileDebt ceiling deal removes a 'big piece of uncertainty'Decision could still be swayed by NFP and next inflation reportFull interview (may be gated)This just helps to rebuff the higher for longer narrative and is certainly going to keep markets on their toes in the weeks ahead. The odds of a 25 bps rate hike stand at 58% today and it's all about looking to th...
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Posted: May 31 2023, 04:16
Author Name: forexlive
Views: 081432