- Analytics
- News and Tools
- Market News
- Fed's Mester: I don't anticipate Fed rate cuts next year
Fed's Mester: I don't anticipate Fed rate cuts next year
Cleveland Federal Reserve Bank President Loretta Mester said on Tuesday that she was not anticipating the Fed to cut rates next year, as reported by Reuters.
Additional takeaways
"We need to raise the policy rate to somewhat above 4% by early next year; hold it there."
"Real rates will need to move into positive territory; remain there for some time."
"Bringing down inflation will be painful in the near term; requires a lot of fortitude."
"I see the unemployment rate rising somewhat above 4% by the end of next year."
"Size of rate increases at each meeting depends on the inflation outlook."
"I have not incorporated recession into my base outlook for the US economy."
"Risks of recession over the next year or two have moved up."
"I expect inflation in the range of 5-6% for this year, then to make more progress back down over next 2 years."
"Wage pressures show little sign of abating."
"Without asset sales, reduction of the balance sheet could take 3 years or so."
"Far too soon to conclude inflation has peaked."
Market reaction
These comments don't seem to be having a significant impact on the dollar's valuation. As of writing, the US Dollar Index was up 0.15% at 109.00.
© 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
