Fed's Mester sees rates rising more than most policy makers have forecast

of Cleveland President Loretta Mester said her estimate for interest rates is higher than that of her colleagues and the central bank needs sustained tight policy to defeat inflation.

Her comments come after Wednesday's FOMC meeting where by the members raised the Fed's target rate by half a percentage point as it continues to work toward lowering the highest levels of inflation seen in decades. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Fed's Mester sees rates rising more than most policy makers have forecastCleveland Federal Reserve bank President Loretta Mester said on Friday that she believes the U.S. central bank will have to raise interest rates higher than the level most policy makers cited in their Fed forecasts this week. Let’s just choke the economy so we all suffer? Why? I have an idea. WindfallProfitTax That would lower consumer prices thereby lowering inflation. Wake up America!!! Zambeli?
Source: Reuters - 🏆 2. / 97 Read more »

Investors still expect the Fed to lower interest rates in 2023Short-term investors have gotten hurt in a repeat pattern while trying to predict the Federal Reserve’s actions. Long-term investors may win their battle. Cause something gonna break and they will be forced to. Maybe Delusional If they expect that, they have not listened to what he said, what the economy is doing, and how this fed indicates they won’t repeat the early 80’s.
Source: MarketWatch - 🏆 3. / 97 Read more »

Fed officials reinforce stern message of slowing inflation by higher interest ratesInflation is still “stubbornly high,” and the Federal Reserve will raise interest rates as much as necessary to bring price pressures back under control, a senior central bank official said on Friday. But they won't dare raise reserve requirements for banks, which are currently 0.0% Show me where forward inflation is high? There is no data to support this conclusion. The Fed governors better start wearing bullet proof vests.
Source: MarketWatch - 🏆 3. / 97 Read more »

Fed may push rates higher, keep them there longer, policymakers sayFederal Reserve policymakers may need to lift U.S. borrowing costs above the peak 5.1% they penciled in just this week, and keep them there perhaps into 2024 to squeeze high inflation out of the economy, three of them signaled on Friday. Bears had a hay day with the recent rate hikes If they are going higher, they will have no job after that...
Source: Reuters - 🏆 2. / 97 Read more »