Hints and tips:
...“Neither a strong labour market, nor strong growth will dissuade them from cutting rates as long as the data on inflation is good....
...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...
...A top Federal Reserve official has insisted that the US’s hot labour market is continuing to cool, in a sign that last month’s unexpectedly strong employment numbers will not derail plans by rate setters...
...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...
...But, despite this “very strong performance”, other indicators pointed “to some moderation”....
...Several members of the Fed’s policy committee are making speeches, including chair Jay Powell, Cleveland president Loretta Mester and head of the Richmond Fed Thomas Barkin....
...Loretta Mester argues that the Fed’s median estimate of neutral long-term interest rates is too low at 2.6 per cent and has raised her estimate to 3 per cent....
...“Despite what many forecasters were predicting a year ago, inflation is down while growth and the job market have remained strong.”...
...Monetary policy: Cleveland Fed president Loretta Mester will deliver a speech at the Ohio Bankers League economic summit....
...Need to know: Global economy Federal Reserve official Loretta Mester said the still strong labour market in the US would not derail plans to cut interest rates this year....
...But the labour market continues to be very strong....
...Andrew Hollenhorst, chief US economist at Citigroup, argued the data would remain strong enough to warrant raising rates again next month, noting that on the whole growth has been robust, the labour market...
...Cleveland Fed president Loretta Mester told the Financial Times earlier this week that there was “no compelling reason to pause”....
...Loretta Mester, president of the Cleveland Fed, on Thursday said she saw a “compelling case” for a half percentage point rise at the next meeting, and St Louis Fed president James Bullard also said he would...
...Attention now turns back to the fight against inflation, but new data today has underlined the scale of that challenge, with US jobs growth almost twice as strong as forecast, making it more likely that...
...Cleveland Federal Reserve president Loretta Mester on Friday said the Fed should lean towards pushing interest rates higher to get inflation back down to the central bank’s 2 per cent target....
...Boston-based urban geographer Loretta Lees has researched self-created communities around the world....
...The US economy added more jobs than expected in November in a sign that demand for new workers remains strong despite the Federal Reserve’s efforts to cool the economy....
...bets on falling US rates in face of stubborn inflation Investors, who for months had been banking on the Federal Reserve cutting interest rates this year, have been forced to back off those bets following strong...
...The labour market also remained strong, she said, with two job openings for every unemployed worker....
...“There’s still a significant chance that we may see some very strong inflation on the services side in the coming months,” said Detmeister at UBS....
...Amazon has commissioned an audit, led by former US attorney-general Loretta Lynch, to look into “disparate racial impacts” from its employment practices on its US frontline workforce....
...Even more emphatic was Cleveland Fed president Loretta Mester, who said that even a recession wouldn’t stop the Fed from hiking to restore price stability....
...A week earlier, unemployment claims dropped to a 54-year low of 166,000 as the strong labour market limited job cuts....
...Monetary policy Federal Reserve Bank of Cleveland president Loretta Mester will deliver a speech on the US economic outlook and monetary policy in Ohio....
International Edition