Fed’s Mester backs gradual approach to tightening

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Cleveland Fed President and voting member Loretta Mester, while speaking in Florida, said she backs gradual and data dependent path of tightening.

    Mester added, “It would be premature to change rate outlook”.

    Key Quotes

    Labor market is solid/income healthy

    Market volatility and cheaper oil poses risks

    Longer inflation expectations are relatively stable, inflation likely to return to 2% in medium-term

    Headline inflation to stay lower for longer

    Must consider implications of China for global growth
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