Mester:
-
Says Fed in ‘really good place’ to study economy before charting
rate path - She isn’t eager to
consider interest-rate hikes - It was appropriate
for the Fed to hold rates steady as it awaits evidence that price
pressures are easing further - It’s too early to
really conclude that we stalled out or that inflation is going to
reverse - There are definite signs that the real side of the economy is moderating, and that is helping to bring balance back to the economy
- Says long-run measures of inflation expectations appear to be “reasonably well anchored” at levels consistent with the Fed’s 2% goal
I don’t know about anyone else but when I read Mester is not “eager” to think about further rate hikes I am thinking that’s what she is thinking about. She should just say it. That’d be worth half a rate hike right there.
This article was written by Eamonn Sheridan at www.forexlive.com. Source