Fed's Mester Awaits Further Inflation Drops Before Lowering Rates Federal Reserve Bank of Cleveland President Loretta Mester finds the recent softer inflation data encouraging but wants to see a few more months of similar data before considering interest rate cuts. Mester emphasizes the need to observe declining inflation and short-run inflation expectations alongside labor market conditions before deciding on rate reductions. The Fed has projected only one rate cut this year, maintaining the current rate range of 5.25% to 5.5%. Mester is set to retire at the end of the month and will be succeeded by Beth Hammack from Goldman Sachs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices Decline as Investors Cash In Amid Fed Rate Cut Uncertainty READ MORE Sovereign Nations Eye Bitcoin as Shield Against Dollar Weaponization READ MORE Gold Performance Key to Silver's Rally, HSBC Reports READ MORE Treasury Yields Dip Ahead of Fed Rate Decision READ MORE Gold to Hit $2200 in 2024, Wells Fargo Joins Bullish Forecast READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment