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Fed's Mester: Number of good reasons why yield curve is flat; no reasons to overreact to inflation temporarily over 2%; 3 or 4 hikes in 2018 in line
Fed's Mester: Number of good reasons why yield curve it flat; no reasons to overreact to inflation temporarily over 2%; 3 or 4 hikes in 2018 would be in line with gradual
— DailyFX Team Live (@DailyFXTeam) May 23, 2018
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Interview with Loretta J. Mester, President and Chief Executive Officer, Federal Reserve Bank of Cleveland
Ms. Mester, the US is enjoying the second longest economic recovery of all time. How long can this last? In my opinion, the US economy is currently doing very well. The labor market is really strong, personal incomes are rising and the sentiment among businesses and consumers is very good. Investments are also picking up for one year now, which is also positive. Growth has thus become more balanced. It is not all dependent on consumers. All this indicates that the upswing can continue for some time. That does not mean that there are no risks. But the economic outlook is perhaps the best we've had in a long time. The ... (full story)
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