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Fed's Mester: We don't need to decide on rates today
FED'S MESTER: WE DON'T HAVE TO MAKE RATE DECISION TODAY - BBG
— Breaking Market News (@breakingmkts) July 13, 2022
CPI REPORT WAS UNIFORMLY BAD, INFLATION IS TOO HIGH
TIGHTENING HAS TO BE VERY DELIBERATE AND INTENTIONAL
Added at 6:34pm
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Fed’s Mester: Not Seen Any Convincing Evidence Inflation Has Peaked - BBG TV
— LiveSquawk (@LiveSquawk) July 13, 2022
Added at 6:35pm
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Fed’s Mester: CPI Data Does Not Suggest Going Smaller Than June Hike - BBG TV
— LiveSquawk (@LiveSquawk) July 13, 2022
Added at 6:37pm
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Fed’s Mester: Expect Fed Will Need To Go Well Beyond Neutral Rate - BBG TV
— LiveSquawk (@LiveSquawk) July 13, 2022
Added at 6:44pm
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Mester says that she wants to see a series of readings that move down in both core and headline on monthly basis. That's because she's worried about inflation expectations.
— Jeanna Smialek (@jeannasmialek) July 13, 2022
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