President of the Federal Reserve Bank of Cleveland, Loretta Mester, He said on Tuesday that he does not expect the Fed to cut interest rates next year, according to Reuters.
Other comments
“We have to raise the key interest rate to just over 4% early next year – keep it there.”
“The real guys are going to have to get into positive territory; stay there for a while.”
“Reducing inflation will be painful in the short term; it takes a lot of strength.”
“I see the unemployment rate at something above 4% by the end of next year.”
“The size of the rate hikes at each meeting depends on the outlook for inflation.”
“I have not factored the recession into my baseline outlook for the US economy.”
“Recession risks in the next one to two years have increased.”
“I expect inflation to be in the 5-6% range for this year, and then to come down again in the next 2 years.”
“Wage pressures show little sign of abating.”
“Without asset sales, the balance sheet reduction could take about 3 years.”
“It is too early to conclude that inflation has peaked.”
market reaction
These comments do not appear to have a significant impact on the dollar’s valuation. At the time of writing, the dollar index was up 0.15% to 109.00.
Source: Fx Street
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