'Market got ahead of itself' on interest rate cuts, says Fed's Mester | The Business | ABC News

In an exclusive one-on-one interview with The Business' Alicia Barry, voting US Federal Reserve member Loretta Mester joined the chorus of central bank officials pushing back on the prospect of rate cuts over the next few months. She says the market "got ahead of itself a little bit" and the economy is in a good position. Dr Mester is president of the Cleveland Federal Reserve, and in 2024 holds a vote on the Federal Open Market Committee, which sets the benchmark US interest rate. As with her counterparts at the Fed, as well as officials from the European Central Bank and the RBA governor Michele Bullock, Dr Mester said she expects the pace of disinflation to slow down now that the worst of the COVID supply chain bottlenecks have been resolved.

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Видео 'Market got ahead of itself' on interest rate cuts, says Fed's Mester | The Business | ABC News канала ABC News (Australia)