Federal Reserve's Mester: Despite the improvement in data, inflation risks still lean towards the upside

Zhitong
2024.06.14 23:56
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Cleveland Fed President Mester stated that despite the encouraging latest inflation data, she still believes that the inflation risks are skewed to the upside. She believes that the risks facing the labor market are twofold and more data is needed to confirm whether inflation is on a downward trajectory. Mester's latest forecast for interest rates is 3%