Fed’s Mester: One more rate hike expected in 2017

Eren Sengezer FXStreet

Cleveland Fed President Loretta Mester is giving her remarks at a Fed-sponsored event:

Key quotes (via Reuters):

No immediate need to tighten policy
Expect inflation rebound despite couple of weak readings
Would need to see more weak inflation, sharp drop in demand to delay rate-hike forecast
Gradual rate-hike path allows for aberrations in inflation

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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