Cleveland Fed president Mester: We probably shouldn’t expect the overall labor force participation rate to approach its pre-pandemic level - Reuters

Market news

10 September 2021

Cleveland Fed president Mester: We probably shouldn’t expect the overall labor force participation rate to approach its pre-pandemic level - Reuters

Sees upside risks to the inflation forecast
Says her forecast is for inflation to remain high this year and then move back down next year
Fed should examine the same relevant set of indicators over time and communicate its assessment of progress based on that set of indicators

U.S.: Wholesale Inventories, July 0.6% (forecast 0.6%)

U.S. Stocks open: Dow +0.60%, Nasdaq +0.64%, S&P +0.59%

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