Fed's Mester: Probably won't get to 2.0% inflation until 2026
Source Fxstreet
Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted on Friday that she would like to see a longer run of good-looking inflation data, and noted that the path towards the Fed's 2.0% inflation goal may take longer than expected.
Key highlights
There is still work to do to gain confidence in inflation.
The median SEP projection close to Mester's on the economy.
We probably won't get to 2.0% inflation until 2026.
I want to maintain healthy job market as inflation falls.
Policy is well-positioned for risks on both sides.
Businesses say its harder to raise prices this year.
As inflation comes down, both mandates remain very important.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Market expectations that the US and China will de-escalate trade tensions are boosting the US Dollar’s recovery and hurting precious metals.
The dollar briefly fell to around 150.50 yen on a local media report that Katayama will get the job, before recouped losses to climb above 151 yen.
Bitcoin (BTC) price trades below $108,000 at the time on Tuesday, after facing rejection from a previously broken trendline, signaling renewed selling pressure.
Early Tuesday, the USD Index clings to small gains above 98.50 and US stock index futures lose about 0.1% on the day.
After the October crash shook global markets, crypto assets continued their volatile run, with Bitcoin (BTC) and Ethereum (ETH) still below their pre-crash levels.
