Even so, Mester -- who had wanted a half-point hike at the Fed's last meeting -- said she could not yet say if she would support such a large hike at the Fed's upcoming meeting.
Implied yields on federal funds futures contracts rose on Friday as traders firmed up expectations for at least three more rate hikes through June, a path that would push the U.S. central bank's benchmark overnight interest rate to the 5.25%-5.50% range, from the current 4.50%-4.75% range. "There are inflationary pressures in the economy, the level of inflation is still too high, and it's going to take more on the monetary policy side to get inflation down,” Mester said.
All told the economic readings may throw doubt on Fed Chair Jerome Powell's assessment early this month that the "disinflationary process" had begun, a view that seemed to justify the central bank's decision at its Jan. 31-Feb. 1 policy meeting to deliver a quarter-percentage-point rate increase after a string of bigger hikes in 2022.
The signs are there. The market is capable of being more irrational than we can be solvent.
So the dollar is indeed dying then?
second order derivative, still positive 🤣
Corporate greed is what’s largely driving inflation. It’s being done by CEOs to line their own pockets and those of their shareholders with their record profits. Most things nowadays do not need to cost what they do for them to make money.
America is heading towards a recession get ready for people are having to use all their life savings to just get by with this Biden inflation
Maybe try not lying through your teeth everyday and we could try and get a handle on this
Voodoo!!
Can't find joebiden, he took the UkraineTrain
Hopes dashed by reality. The story of 120 years of leftism.
😩😩😩😩😩