Fed’s Mester still expects rate cuts this year, but rules out May

Fed’s Mester still expects rate cuts this year, but rules out May

Fed’s Mester still expects rate cuts this year, but rules out May From cnbc.com Cleveland Federal Reserve President Loretta Mester said Tuesday she still expects interest rate cuts this year, but ruled out the next policy meeting in May. Mester also indicated that the long-run path is higher than policymakers had previously thought. The central bank official noted progress made on inflation while the economy has continued to grow. Should that continue, rate cuts are likely, though she didn’t offer …