Federal Reserve Bank of Cleveland President Hints at Confidence Level for Interest Rate Reductions
Thursday, 4 April 2024, 19:41
Fed Latest: Mester Says Fed Close to Confidence Level for Cuts
Federal Reserve Bank of Cleveland President Loretta Mester suggested the central bank could be getting close to the level of confidence it needs to begin lowering interest rates in the next few months.
Key Points:
- Loretta Mester: Indicates possible interest rate cuts
- Implications: Could lead to changes in monetary policy
- Market Reaction: Investors closely monitoring Fed's signals
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