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April 5, 2023 at 2:45 AM. Cleveland Fed President Loretta Mester said Tuesday night she sees interest rates moving above 5% and rates adjusted for inflation staying in positive territory for "some ...
Federal Reserve Bank of Cleveland President Loretta Mester said Thursday that while there are some new hopeful signs of moderating inflation, the main risk still facing the U.S. central bank is ...
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 ...
Read the latest news on inflation and what it means for the Federal Reserve: Inflation comes in hotter than expected in March. Stocks sink as hot inflation torpedoes rate-cut hopes.
The Federal Reserve Bank of Cleveland is the Cleveland -based headquarters of the U.S. Federal Reserve System 's Fourth District. The district is composed of Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. It has branch offices in Cincinnati and Pittsburgh.
Mester became the president and CEO of the Federal Reserve Bank of Cleveland on June 1, 2014. She was the 11th president and CEO of Cleveland's Fourth District Federal Reserve Bank. Mester is an adjunct professor of finance at the Wharton School of the University of Pennsylvania and a fellow at the Wharton Financial Institutions Center.
Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% — the Fed's target level. ... Americans are eager for the Federal Reserve to start ...
On Wednesday, the Fed also released its economic projections for the coming years, which shows that its members are pegging the median 2024 federal funds rate at 4.4%. That would represent a ...