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Global inflation
Fed confident about cutting interest rates despite jobs surge
...Loretta Mester, president of the Cleveland Fed and an FOMC voter, said on Tuesday that she still planned to cut rates three times — in line with what she thought back in December....
February 11, 2024
Federal Reserve
Fed’s Loretta Mester raises long-term rate outlook on strong US economy
...Loretta Mester, president of the Cleveland Federal Reserve and a voting member of the Federal Open Market Committee, revealed in a speech on Tuesday that she had raised her estimate of the longer-run federal...
April 2, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
US economy
Fed official says hot US labour market will not derail rate-cutting plans
...Loretta Mester, president of the Cleveland Federal Reserve and one of the officials who votes on interest rates, said last week’s jobs report for January showed the labour market was “remarkably resilient...
February 6, 2024
News updates from November 8: Iger pledges another $2bn in Disney cost cuts, Draghi delivers downbeat EU forecast
Fed’s Loretta Mester to retire in 2024
...The Cleveland branch of the US Federal Reserve has launched a search for its next president ahead of Loretta Mester’s planned retirement in June 2024....
November 8, 2023
US interest rates
Fed official says markets a ‘bit ahead’ of central bank on rate cuts
...Loretta Mester, president of the Cleveland Fed and a voting member on the Federal Open Market Committee next year, pushed back on expectations that the central bank will abruptly pivot towards lowering borrowing...
December 18, 2023
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
What to watch in North America today
...Cleveland Fed president Loretta Mester will deliver remarks on the economic outlook at the Cleveland Association for Business Economics and Team NEO Luncheon....
April 2, 2024
FT Live
Global Banking Summit
The world's top gathering of leaders in finance
Tuesday, 3 DecemberLondon, UK
News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored
What to watch in North America today
...Fedspeak: Cleveland Fed president Loretta Mester will deliver a speech before the South Franklin Circle Dialogue....
April 17, 2024
News updates from April 2: Biden speaks with Xi, Fed’s Mester raises long-term rate outlook
Fed’s Mester raises long-term interest rate outlook on strong US economy
...Loretta Mester, president of the Cleveland Federal Reserve and a voting member of the Federal Open Market Committee, on Tuesday said she had raised her estimate of the longer-run federal funds rate to 3...
April 2, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
What to watch in North America today
...Cleveland Fed President Loretta Mester will participate in a conversation hosted by the Global Interdependence Centre....
April 4, 2024
News updates from February 29: US PCE inflation falls to 2.4%, Putin warns of wider conflict over Ukraine
What to watch in North America today
...Cleveland Fed president Loretta Mester will deliver a keynote speech at Columbia University....
February 29, 2024
News updates from March 7: Sweden joins Nato; Powell says Fed ‘not far’ from having confidence to cut rates
What to watch in North America today
...Cleveland Fed president Loretta Mester will deliver remarks on the economic outlook at a European Economics and Financial Centre virtual event....
March 7, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
What to watch in North America
...Fedspeak: Cleveland Fed president Loretta Mester will deliver a speech at the Ohio Bankers League economic summit....
February 6, 2024
News updates from February 6: US court denies Trump presidential immunity, Boeing jet in Alaska Airlines blowout was missing bolts
Top Fed official says cooling US jobs market should aid rate cut thesis
...Loretta Mester, president of the Fed’s Cleveland branch, acknowledged on Tuesday that last week’s jobs report showed the labour market was “remarkably resilient”....
February 6, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
New inflation data shows ‘more work to do’, says top Fed official
...“March is probably too early in my estimate for a rate decline because I think we need to see some more evidence,” Cleveland Fed Loretta Mester said in an interview with Bloomberg Television....
January 11, 2024
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
What to watch in North America today
...Elsewhere, Cleveland Fed president Loretta Mester is scheduled to make a television appearance....
January 11, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
FT SeriesWomen’s fashion special AW23
Fashion industry leader Alison Loehnis talks taste
...An indulgence I would never forgo is Loretta Caponi nightgowns. I don’t do the high-neck ones and I don’t do off-the-shoulder – I just like the white cotton ones with lace. I’ve worn them forever....
September 8, 2023
News updates from November 30: US diplomat Henry Kissinger dies aged 100, US says Indian official directed foiled plot to kill Sikh separatist in New York
What to watch in North America today
...Meanwhile, Cleveland Fed president Loretta Mester will speak about financial stability at a policy conference in Chicago....
November 29, 2023
Argentina
Argentina’s neighbours come to its defence in fight over $16bn US judgment
...Earlier this year, Judge Loretta Preska in effect denied an attempt by Argentina to delay the enforcement of the judgment....
March 4, 2024
US interest rates
Markets bet strength of US economy will limit scale of Fed rate cuts
...Loretta Mester, Cleveland Fed president and a voting member of the Federal Open Market Committee, said on Tuesday that she had upgraded her own estimate from 2.5 per cent to 3 per cent, on the back of the...
April 3, 2024
The Long ViewJennifer Hughes
Rising Fed chatter is not making life in markets easy
...the past two weeks have been roughly bookended on the hawkish side by Atlanta Fed president Raphael Bostic and Fed governor Christopher Waller, and on the more moderate side by Cleveland Fed president Loretta...
April 5, 2024
Federal Reserve
Top Fed official sees no ‘compelling’ reason to wait for fresh rate rise
...In an interview with the Financial Times, Loretta Mester, president of the Cleveland Fed, pushed back against recent suggestions from some policymakers who argued the US central bank should forego a rate...
May 31, 2023
News updates from October 20: Biden asks Congress for $100bn security package, 30-year gilts hit quarter-century high
What to watch in North America today
...Fedspeak: Cleveland Fed president Loretta Mester will give the keynote address at a conference hosted by the Manhattan Institute for Policy Research in New York....
October 20, 2023
FirstFT
FirstFT: Donald Trump posts $175mn bond
...Monetary policy: Federal Reserve governor Michelle Bowman, Cleveland Fed president Loretta Mester and San Francisco Fed president Mary Daly will all participate in events today....
April 2, 2024
ReviewMusic
Margo Price lights up London with storytelling gusto and punchy songs — review
...It won comparisons to greats such as Loretta Lynn and Tammy Wynette. You could see why at Koko: her flowing turquoise dress had a stylish 1970s Nashville look to it. You could also hear why....
February 1, 2024
Argentine economy
Argentina’s annual inflation tops 200% as Milei confronts crisis
...Adding to the government’s problems is a ruling on Thursday by a US federal judge, Loretta Preska, who ruled last year that Argentina must pay $16bn to two now-defunct investors in energy firm YPF following...
January 11, 2024

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