Search results
Results From The WOW.Com Content Network
Cleveland Fed president Loretta Mester said Thursday that the latest reading on inflation doesn’t alter her calculus for three rate cuts later in 2024.. A month-over-month jump in the Fed’s ...
Cleveland Fed President Loretta Mester said Tuesday that the central bank could lower interest rates "later this year," warning it would be a "mistake" to cut too soon.
A new inflation report released Friday showed a slight cooling in the Personal Consumption Expenditures index, which is the Fed's preferred inflation gauge. That followed stickier readings in ...
The Fed last raised rates in July to a 22-year high as part of an aggressive campaign to cool inflation. Several other Fed officials have been aggressive recently in tamping down expectations of ...
Nowcasting in economics is the prediction of the very recent past, the present, and the very near future state of an economic indicator. The term is a portmanteau of "now" and "forecasting" and originates in meteorology. Typical measures used to assess the state of an economy, such as gross domestic product (GDP) or inflation, are only ...
The president of the Federal Reserve Bank of Cleveland said she still sees inflation risks, citing higher oil and gas prices. Fed's Mester still views one more rate hike as appropriate [Video ...
Having worked in the Federal Reserve system her entire career, Loretta Mester rose to become president of the Cleveland Fed for a decade until her retirement on June 30. During most of her years ...
Cleveland Fed president Loretta Mester said Thursday there was a "compelling" case earlier this month for the central bank to be more aggressive in raising interest rates as inflation remains ...