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
West Texas Intermediate (WTI) US Crude Oil prices attract fresh buyers on Wednesday and climb back closer to the highest level since January 2025, touched the previous day.
Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifiesSilver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data.
Single-Day Prices Surge Another 32%. How Severe Is the Volatility Challenge in Europe’s Natural Gas Market?TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
