The president of the Cleveland Federal Reserve, Loretta Mester, He said on Friday that the July inflation report was good news, but added that he needed to see more convincing data to conclude that inflation was coming down, as reported by Reuters.
Other points to consider
“I think FOMC Chairman Jerome Powell sent a very strong message.”
“We are all involved and we are going to be determined to bring inflation to the target.”
“The market is between 50 and 75 for September and that’s where my head is, although I need to see more data.”
“We really have a supply and demand imbalance, the Fed’s tools really work on the demand side.”
“The European situation may indicate that gasoline prices do not continue to decline.”
“You have to be cautious in thinking that inflation has peaked.”
“I would need to see convincing evidence that inflation is coming down before I stop raising rates.”
“We’re still in negative real rates, we haven’t even gotten to a neutral fed funds rate.”
“I think we will have to take rates above 4% and leave them there.”
“I’m not predicting a recession, but I do expect below-trend growth this year and next.”
“The labor market is likely to weaken.”
market reaction
The US Dollar Index He did not show an immediate reaction to these comments and was last seen down 0.1% on the day at 108.30.
Source: Fx Street
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