The fed funds rate, which sets the level that banks charge each other for overnight borrowing but spills over into many forms of consumer debt, is currently in a target range of 4.5%-4.75%.
Mester made news recently when she revealed that she was among a small group of Fed officials who, at the Jan. 31-Feb. 1 Federal Open Market Committee, wanted a half percentage point rate hike rather than the quarter-point move the panel approved.
steveliesman Closer to 6%
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Fed's Mester won't prejudge how big March interest-rate hike should beCleveland Fed President Loretta Mester said Friday she hasn't made up her mind yet whether the Fed should hike rates by 50 basis points in March. More like 6%! The money supply is still $21.5 Trillion !!
Source: MarketWatch - 🏆 3. / 97 Read more »
Fed's Mester sticks with December interest rate projection for nowCleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central bank's interest rate peak as economic data since then has not caused her to change her mind. They won't crack inflation at 5%. What she sees doesn't define what the vote will be. 7%^ is needed by the end of 2024.
Source: Reuters - 🏆 2. / 97 Read more »
CNBC Daily Open: Markets fall as the Fed shows no sign of pausing interest rate hikesMinutes from the Federal Reserve's last meeting suggest ongoing interest rate hikes. Some officials even advocated for a half-point increase. The market is bottom out will go up today . Already built up in the market the bad news , but Nvidia news was was very bullish , EBay . What about WHENQT ?
Source: CNBC - 🏆 12. / 72 Read more »