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Fed's Mester: Dec rate hike reflects expectation economy will improve

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Federal Reserve's Cleveland bank president Mester (Federal Open Market Committee FOMC voter) is crossing the wires, noting that December rate hike reflects expectation that the economy will improve, adding that she 'fully supported' US rate hike as prudent first step.

    Headlines - via Reuters

    Hike reflects expectation economy will continue improving supported by accommodative fed policy

    Gradual rate hikes allow fed to recalibrate based on longer-run US potential

    Says expects 'above trend' Q4 and 2016 GDP growth of 2.5 to 2.75%

    Says expects inflation rebound as commodity, dollar effects wane

    Expects wage growth, further labor market improvement
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