Fed’s Mester: Not at a point where we should think about stopping on rate hikes
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that they are not yet at a point where they could start thinking about stopping interest rate hikes, as reported by Reuters.
“All the indicators we have from businesses is that demand for labor exceeds supply of labor.”
“We’re basically back to trend on labor force participation given demographics.”
“Not expecting a big bump up in labor force participation.”
“We’re still not even in restrictive territory on the funds rate.”
“The dollar is among the conditions that have tightened, it’s is helpful on inflation.”
“Money supply hasn’t been a reliable indicator for a long time.”
“I’d like to see long-term inflation expectations down from where they are now.”
“Would also want to see continued progress on realized inflation.”
The greenback preserves its strength following these comments. The US Dollar Index was last seen rising 0.5% on the day at 113.28.
[/s2If]
Join Our Telegram Group
