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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 ...
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 ...
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 ...
August 23, 2024 at 5:24 PM. Atlanta Fed president Raphael Bostic is accelerating his estimate of when rate cuts could begin, telling Yahoo Finance that September or November is "definitely in play ...
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 ...
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 ...
Boston Fed President Susan Collins and Cleveland Fed President Loretta Mester also said last week they need to see more to feel confident inflation is heading back to the central bank’s 2% ...
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 ...