Cleveland Fed President Loretta Mester commented in a speech on Monday that the Federal Reserve has achieved significant advancements in addressing disinflationary pressures. However, she acknowledged that the inflation rate continues to exceed the targeted 2%. Inflation for January and February was more stubborn than in the second half of last year, the challenging and fluctuating nature of the disinflationary process.
Mester also mentioned that she had adjusted her forecast for economic expansion this year to slightly surpass 2%. Moreover, she anticipated that the labor market would experience elevated levels of unemployment. Additionally, Mester informed that she adjusted her perspective on the longer-term federal funds rate during the FOMC meeting, revising it to 3% from her previous projection of 2.5%.
"If we decrease interest rates prematurely or rapidly, without substantial evidence to assure us that inflation is steadily and promptly moving towards 2%, there is a danger of reversing the strides we have made in controlling inflation," stated Mester. She further emphasized, "Currently, I believe the greater risk lies in initiating a reduction of the funds rate too soon." The Federal Reserve is not anticipated to gather sufficient confidence to determine rate cuts during the upcoming FOMC meeting, However, circumstances could potentially shift during the June meeting.
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.asia
喜欢的话，赞赏支持一下
加载失败()