• Fed’s Mester: I would advocate for 75 bps rate hike in July

Noticias del mercado

29 junio 2022

Fed’s Mester: I would advocate for 75 bps rate hike in July

“Right now I would advocate for a 75 bps rate hike," Cleveland Federal Reserve (Fed) Bank President Loretta Mester said on Wednesday while noting that the “debate in July is between 50 bps and 75 bps rate hike."

Additional quotes

We want to see US rates above 4% next year.

Rate hikes are very necessary to get inflation down.

Market reaction

The US dollar index dropped from near-daily highs of 104.70 on these comments. At the time of writing, the spot is trading at 104.54, almost unchanged on the day.

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: