Is this really going to be the case?
Fed's Mester: The U.S. economy is not in a recession, and it may raise interest rates by 50 basis points in September. Cleveland Fed President Mester said at an event on Thursday that the central bank's commitment to reducing inflation to just above 4% to its 2% target to ease demand will require more rate hikes. "We keep raising rates, and after it gets high enough and we see compelling evidence, policy will be in place for a while then," she said. "When we keep inflation around our target, we can lower interest rates." Falling. Mester said she would likely back her earlier forecast for a rate hike, but the final outcome would depend on what the inflation data played out. She noted that another 75 basis point rate hike in September is "not unreasonable," but policymakers also 50 basis points can be raised.
Submitted August 05, 2022 at 03:27PM by MediumMission1386
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