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Fed's Mester says its likely the FOMC will need to raise rates one more time this year

Fed's Mester says its likely the FOMC will need to raise rates one more time this year
Federal Reserve Bank of Cleveland President Loretta Mester speaks on her economic outlook before the 50 Club of Cleveland Monthly Meeting. Monetary policy path depends on how economy performsFed will likely need to hike rates one more time this yearEconomy on ‘good path’ amid ongoing rebalancing of supply and demandJob market strong but slowing, coming into better balanceInflation ‘too high’ but sees welcome signs of progress lowering price pressuresFed will need to keep rates high to ensure ret... Read More
Posted: Oct 2 2023, 23:30
Author Name: forexlive
Views: 112520

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