- Analytics
- News and Tools
- Market News
- Fed’s Mester: I would advocate for 75 bps rate hike in July
Fed’s Mester: I would advocate for 75 bps rate hike in July
“Right now I would advocate for a 75 bps rate hike," Cleveland Federal Reserve (Fed) Bank President Loretta Mester said on Wednesday while noting that the “debate in July is between 50 bps and 75 bps rate hike."
Additional quotes
We want to see US rates above 4% next year.
Rate hikes are very necessary to get inflation down.
Market reaction
The US dollar index dropped from near-daily highs of 104.70 on these comments. At the time of writing, the spot is trading at 104.54, almost unchanged on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
