Created
: 2023.05.27
2023.05.27 00:36
In an interview with CNBC on Friday, Federal Reserve Bank of Cleveland President Loretta Mester said that the Personal Consumption Expenditures (PCE) Price Index released on Friday underscored the slow progress on inflation.
Breaking: US Core PCE inflation increases to 4.7% vs. 4.6% anticipated.
“It’s probably not wise to sort of pre-guess what the meeting outcome will be,” Mester said when asked whether another rate increase is warranted at the upcoming FOMC meeting.
"Tighter monetary policy is still feeding into the economy."
"I may have to revise up my inflation forecast."
"Everything is on the table for the June FOMC meeting."
"Fed is very committed to lowering inflation in timely way."
"Fed still has more data to see ahead of the June FOMC meeting."
"Have not sees much sign of banking stress affecting credit conditions."
"Economy has slowed quite a bit relative to last year."
"Important for the Fed not to under tighten monetary policy."
"Right now is the hard part for monetary policy decisions."
The US Dollar Index stays in positive territory above 104.30 following these comments.
Created
: 2023.05.27
Last updated
: 2023.05.27
FXStreet
Financial media
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users.Cookie policy