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
Once again, the price of Ethereum (ETH) has risen above $3,900. This bounce has hinted at a further price increase for the altcoin before the end of the year.
XRP Price Prediction: Ripple Rally Expected but Altcoin Dubbed the ‘Next XRP’ Set for 5800% GainsThe crypto market is aiming for a rebound in early 2025 after a turbulent end to 2024. Ripple (XRP) is now making some waves in this environment. Its value is rising on the charts. Even some market analysts like XRP Whale have made a bullish price prediction for this altcoin.
The crypto market is aiming for a rebound in early 2025 after a turbulent end to 2024. Ripple (XRP) is now making some waves in this environment. Its value is rising on the charts. Even some market analysts like XRP Whale have made a bullish price prediction for this altcoin.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Gold rises to near $5,150 as Trump’s tariffs boost haven demand, US-Iran talks eyedGold price (XAU/USD) edges higher to near $5,095 during the early Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, boosting safe-haven flows.
Gold price (XAU/USD) edges higher to near $5,095 during the early Asian session on Monday. The precious metal extends the rally amid US President Donald Trump’s tariff threats and uncertainty, boosting safe-haven flows.
Top 3 Price Prediction: BTC breakdown hints at deeper correction as ETH and XRP extend lossesBitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) prices are extending losses on Monday after falling slightly the previous week. BTC is slipping below the lower consolidation range at $65,000, and ETH is falling below $1,900, both extending their six-week losing streaks.
