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Feds Mester: Fed is at or near the peak of the rate hike cycle

Feds Mester: Fed is at or near the peak of the rate hike cycle
Cleveland Fed Pres. Loretta Mester is speaking (voting member in 2024), and says:Fed is at or near peak of rate hike cycleReiterates outlook aligned with her fed forecasts eyeing one more hike.Fed rate decision will be driven by incoming economic data.If sustained, higher bond yields will help moderate economic activity.Fed needs to be nimble with monetary policy right now..Inflation calling but still too high. Risk tilted to the upside.Labor markets showing moderation, resilience.Data shows sig... Read More
Posted: Oct 20 2023, 16:17
Author Name: forexlive
Views: 110772

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