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
On May 27, Bloomberg reported that copper trading activity has intensified as market expectations of potential copper tariffs under a Trump administration heat up, prompting traders to sh
Gold Falls Below $4,400 for First Time in Two Months. Institutions Lower Gold Price Forecasts as Market Expects PCE to Approach 4% During the Asian trading session on May 28, spot gold briefly fell below $4,400, hitting a low of $4,396.91, its lowest level since March 27. Gold futures also declined, with U.S. gold fu
During the Asian trading session on May 28, spot gold briefly fell below $4,400, hitting a low of $4,396.91, its lowest level since March 27. Gold futures also declined, with U.S. gold fu
The broader cryptocurrency market is down $2.45 trillion on Thursday, from $2.54 trillion the previous day, led by Bitcoin’s (BTC) decline below $73,000.
Iran-U.S. MOU Details Disclosed. Gold Drops to $4,400 Mark Hitting New Low Since March 30; Two Major Crude Oil Futures WeakenAccording to Iranian sources, a "preliminary informal document" regarding the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering is
According to Iranian sources, a "preliminary informal document" regarding the framework of a memorandum of understanding between Iran and the United States has been disclosed, covering is
Gold price (XAU/USD) trades on a flat note around $4,455 during the early Asian session on Thursday. The precious metal steadies as US-Iran peace negotiations face uncertainties.
