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
US May CPI Preview: Rising Inflation May Push Up Fed Rate Hike Expectations, How Will US Stocks, Dollar, Gold React? The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
The U.S. Bureau of Labor Statistics will release May CPI data at 8:30 AM ET on June 10. This report is the most critical inflation reading ahead of the Federal Reserve's policy meeting on
On June 8, tensions in the Iran conflict cooled abruptly, and both major crude oil futures fell. WTI crude futures briefly retreated to around the $90 level. As of press time, it was up 0
West Texas Intermediate (WTI) oil price edges lower after registering over 1% losses in the previous day, trading around $89.40 per barrel during the Asian hours on Tuesday.
Gold Drops Below $4,300 Erasing Year-to-Date Gains. This Week’s CPI May Ignite Rate Hike Expectations Will Gold Still Rise in 2026?During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e
During Monday's Asian session, both spot and futures gold prices fell below the $4,300/oz support level. Spot gold touched an intraday low of $4,268.42, its lowest level since March 23, e
After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier
