Fed's Mester: We can't expect last year's disinflation to continue
Source Fxstreet
According to Cleveland Federal Reserve (Fed) President Loretta J. Mester, inflation remains a challenge that the Fed needs to overcome, but rate cuts should resume later this year as long as the data gives the Fed enough room to operate.
Key highlights
- We cannot rely on the pace of disinflation last year to continue this year.
- Demand will moderate, and growth this year will not be as strong as last year.
- Expects a slowdown in employment growth.
- A slowing of employment growth is what the Fed needs to see in order to ease rates.
- Three rate cuts this year feels about right.
- Fed is in a really good spot, both on policy and the US economy.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin briefly dips under $90,000 as profit-taking drags ETH, XRP and BNB lowerBitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
Bitcoin briefly slipped below $90,000 after hitting $94,000 earlier in the week, with ETH falling to $3,120 as traders cited profit-taking, $150 million in long liquidations, and macro uncertainty including U.S. jobs data and tariff-related Supreme Court risks.
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
Gold selling pressure persists as traders lock in profits ahead of US NFP reportGold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
Gold (XAU/USD) remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.
MSCI's new rules limit passive investment demand for newly issued shares, impacting Bitcoin-linked companies' fundraising strategies.
Gold Price Forecast: XAU/USD declines to near $4,450 as safe-haven demand eases Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.
Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.
