Federal Reserve Bank of Cleveland President Loretta Mester said Friday that the U.S. central bank is “at or near the peak of the rate-hike cycle,” according to Reuters.
Featured Statements
“The outlook is in line with the Fed’s forecasts that point to a further increase.”
“The Fed’s rate decisions will depend on incoming economic data.”
“If sustained, rising bond yields will help moderate economic activity.”
“The Fed needs to be agile with monetary policy right now.”
“Inflation cools but remains too high, risks tilt to the upside.”
“Labor markets show moderation and resilience.”
“Data shows signs of moderating wage increases.”
“The Fed should not rely on inflation returning to 2%.”
“Possible recent events could slow the advance of inflation.”
Market reaction
These comments did not cause a notable reaction in the Dollar Index, which moved sideways near 106.20.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
