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 How Lower Rates and Central Bank Moves Propel Gold’s Surge READ MORE Fed Chair Powell: Labor Market 'Fully Back in Balance' READ MORE BloxCross CEO Keith Bliss Favors Copper in Commodities Showdown READ MORE Ports as Pawns: The $2 Trillion Transformation of Global Trade Hubs READ MORE ING: Gold tops $2,500 for the first time READ MORE Add a Comment Cancel replyYour email address will not be published.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