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 Bank of America's Largest Shareholder Berkshire Hathaway Offloads Another $228.7M READ MORE Silver Poised for Major Breakout: Key Levels to Watch READ MORE Experts Predict Continued Upside for Silver and Gold Despite Recent Dip READ MORE Dollar Nears Monthly Peak Amid Rising US Yields and Anticipation of Rate Cuts READ MORE Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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