ICYMI – Mester and Daly both say 3 Fed rate cuts this year, but its not a promise

Loretta Mester, president and CEO of Federal Reserve Bank Cleveland branch and her FOMC colleague Mary Daly, President of the San Francisco Federal branch both spoke on Tuesday.

Mester said:

  • Three cuts this year is reasonable but is a ‘close call’

Daly was on a similar track:

  • Three cuts is a reasonable baseline this year, not a promise

They both had plenty more to say.



These two are in contrast to what we heard last week:

Is June on for a cut? Here’s the latest from Fed Watch:

This article was written by Eamonn Sheridan at www.forexlive.com. Source