Inflation may be underestimated due to data distortion, Federal Reserve officials: No need to adjust interest rates in the coming months | Lianhe Zaobao
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Due to the U.S. federal government shutdown, the inflation data for November may be distorted, leading to an underestimation of inflation levels. Federal Reserve officials believe that there is no need to adjust interest rates in the coming months. Cleveland Fed President Loretta Mester opposes further rate cuts, expressing concerns about high inflation. She is a non-voting member of the FOMC and will become a voting member next year. Mester stated that there is no need to adjust interest rates at least until spring 2026, with the current target range for interest rates set at 3.5% to 3.75%
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