NewsFeeder
05-31-2018, 04:51 PM
Cleveland Fed’s Mester says the Italian turmoil and a flattening yield curve haven’t changed her interest-rate view
The market may have encountered a fresh round of turmoil, but Cleveland Fed President Loretta Mester’s message on the U.S. economy and how many interest-rate hikes are needed has stayed just as it was. “Whether it’s three or four, I know the markets want to know exactly that, but in terms of the economy and the macroeconomy, I think that is less important. Neither worries about contagion effects from the turmoil in Italy or a flattening yield curve has persuaded Mester to rethink her support for gradual rate hikes.
https://finance.yahoo.com/m/b59d2116-8c32-334c-b411-38802083e535/cleveland-fed%E2%80%99s-mester-says.html?.tsrc=rss
The market may have encountered a fresh round of turmoil, but Cleveland Fed President Loretta Mester’s message on the U.S. economy and how many interest-rate hikes are needed has stayed just as it was. “Whether it’s three or four, I know the markets want to know exactly that, but in terms of the economy and the macroeconomy, I think that is less important. Neither worries about contagion effects from the turmoil in Italy or a flattening yield curve has persuaded Mester to rethink her support for gradual rate hikes.
https://finance.yahoo.com/m/b59d2116-8c32-334c-b411-38802083e535/cleveland-fed%E2%80%99s-mester-says.html?.tsrc=rss