- Analytics
- News and Tools
- Market News
- Fed's Mester: Not expecting we will cut interest rates early next year
Fed's Mester: Not expecting we will cut interest rates early next year
"We will certainly not continue to raise interest rates until inflation has already fallen to 2%," Cleveland Federal Reserve President Loretta Mester told Borsen Zeitung in an interview.
"Nor will we wait to lower interest rates until inflation is at 2%," Mester added and noted that she does not currently expect that they will cut interest rates early next year.
When asked about whether it is better to do too much than too little in case of doubt, "we still have quite strong demand at the moment. And the same goes for the labour market. I think the cost of undershooting in monetary policy at the moment is still higher than the costs of overshooting," she responded.
Market reaction
The US Dollar Index preserves its bullish momentum after these comments and was last seen rising 0.7% on the day at 104.87.
© 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
