Federal Reserve's Mester Questions Forecast of Three Rate Hikes This Year
Monday, 20 May 2024, 18:51
Fed's Mester Reevaluates Rate Hike Forecasts
Speaking on Monday, Loretta Mester openly challenges the previously expected three rate hikes for the year, citing recent economic indicators.
- Reassessing the Situation: Mester expresses reservations about the appropriateness of the prior forecast.
- Monetary Policy Shift: The Federal Reserve official implies the need for potential adjustments in the number of rate hikes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.