Fed's Mester: No progress on inflation, so interest rates need to move higher – by fx_ross Fed DollarIndex
Cleveland Fed President Loretta Mester said Tuesday that the Federal Reserve needs to continue raising interest rates.
“But at this point, my concerns lie more on – we haven’t seen progress on inflation , we have seen some moderation- but to my mind it means we still have to go a little bit further,” Mester said. Meanwhile, the safe-haven US dollar has gained in a second day while the International Monetary Fund says warns of global recession and has cut its 2023 global growth forecasts further.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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