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 ETFs See Unprecedented July Inflows as Markets Anticipate Fed Action READ MORE Major Retailers Offer Discounts to Attract Price-Conscious Shoppers READ MORE Could Redditors Trigger the Silver Squeeze 2.0? READ MORE Silver Poised for Major Breakout: Key Levels to Watch READ MORE Gold's Three-Week Range Nears End as Bulls Push for Fresh Highs READ MORE Add a Comment Cancel replyYour email address will not be published.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