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US economy ready for higher rates – Fed’s L.Mester

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Cleveland Fed President Loretta Mester has argued that the US economy is ready for a rate hike, while she remains ‘reasonably confident that the inflation will gradually return to target’.

    She has also said that a delayed rate hike could risk financial stability, adding that there is a ‘strong case’ for a Fed’s lift-off if data meet forecasts. She has also coincided with other Fed members in a gradual increase of rate hikes.
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