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Fed’s Mester: Suspect will need one more rate hike this year, and to keep rates steady for some time
FED’S MESTER: LIKELY AT OR NEAR PEAK FUNDS RATE BUT NOT THERE YET; MUST KEEP POLICY RESTRICTIVE LONG ENOUGH TO BE CONFIDENT INFLATION BACK TO TARGET IN TIMELY WAY; SUSPECT WILL NEED ONE MORE RATE HIKE THIS YEAR,AND TO KEEP RATES STEADY FOR SOME TIME ASSESSING DATA #Mester #FOMC…
— Mace News (@MaceNewsMacro) October 2, 2023
Added at 7:33pm
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FED’S MESTER: FED WILL NEED TO KEEP RATES HIGH TO ENSURE RETURN TO 2% INFLATION
— First Squawk (@FirstSquawk) October 2, 2023
FED’S MESTER: ECONOMY HAS GROWN MORE STRONGLY THAN EXPECTED
FED’S MESTER: RISKS TO INFLATION TILTED TOWARD UPSIDE
Added at 7:33pm
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FED’S MESTER: CREDIT CONDITIONS HAVE TIGHTENED IN LINE WITH MONETARY POLICY
— First Squawk (@FirstSquawk) October 2, 2023
FED’S MESTER: SEES SOME SIGNS WAGE PRESSURES ARE EASING