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 prices surge past $65,000 as U.S. and Iran reach a new agreement, with the $70,000 mark in sight this week.On June 15, Bitcoin ( BTC) continued its rebound, decisively breaking th
Gold Rallies for Third Straight Day. Trump Says US-Iran Deal Will Be Reached, Can Gold Prices Return Above $4,500? As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
As of the Asian session today (June 15), driven by significant progress in US-Iran negotiations, gold prices today ( XAUUSD) gapped higher at the open, with intraday gains exceeding 2%; m
Gold rises to weekly high as US, Iran reach peace dealGold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
Gold price (XAU/USD) rises to a weekly high during the Asian trading hours on Monday. The precious metal rebounds after the United States (US) and Iran had reached a deal to end their conflict, easing concerns about inflation and higher interest rates.
As of the Asian session on June 12, gold ( XAUUSD) prices oscillated lower near $4,180. Yesterday, gold prices briefly dipped toward $4,000 before rebounding sharply above $4,200 on news
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
