"Federal Reserve's Mester Maintains Expectation for Rate Cuts Later This Year, Rules Out May"
TL;DR Summary
Cleveland Federal Reserve President Loretta Mester still expects interest rate cuts this year but ruled out a cut at the next policy meeting in May, citing the need for more data on inflation. She indicated that the long-run path for rates is higher than previously thought and that progress on inflation and economic growth will influence future rate cuts. San Francisco Fed President Mary Daly also suggested three rate cuts this year as a "very reasonable baseline," while Mester sees the long-run federal funds rate at 3%, higher than the previous expectation of 2.5%.
- Fed's Mester still expects rate cuts this year, but rules out May CNBC
- Persistent Inflation Demands a Slow Approach to Rate Cuts, Cleveland Fed’s Mester Says Barron's
- Fed's Mester: Still expects the Fed can cut rates later this year but not at next meeting ForexLive
- Fed’s Mester says she won’t back a rate cut in May MarketWatch
- US Fed official predicts higher long-term interest rates NBC Right Now
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
2 min
vs 3 min read
Condensed
83%
550 → 94 words
Want the full story? Read the original article
Read on CNBC