The Federal Reserve Cleveland Fed President Loretta Mester said Monday that Cleveland Fed President Loretta Mester said Monday. .
“I think we can get down from the 75 (basic points) at the next meeting. I have no problem with that, I think it’s very appropriate,” Mester said in an interview with CNBC.
“But I think we’re going to have to let the economy dictate to us in the future the pace we have to have.”
The Federal Reserve raised interest rates 75 basis points for the fourth time in a row, but since then a steady battery of policymakers have signaled they hope to move on to smaller increases in borrowing costs, to give the economy time to absorb the shock. further monetary tightening in 40 years. The central bank’s benchmark interest rate for overnight loans is currently in a target range of 3.75%-4.00%.
Investors largely expect a 50 basis point rate hike at the Fed’s next policy meeting on December 13-14.
hartford car insurance shop car insurance best car insurance quotes best online car insurance get auto insurance quotes auto insurance quotes most affordable car insurance car insurance providers car insurance best deals best insurance quotes get car insurance online best comprehensive car insurance best cheap auto insurance auto policy switching car insurance car insurance quotes auto insurance best affordable car insurance online auto insurance quotes az auto insurance commercial auto insurance instant car insurance buy car insurance online best auto insurance companies best car insurance policy best auto insurance vehicle insurance quotes aaa insurance quote auto and home insurance quotes car insurance search best and cheapest car insurance best price car insurance best vehicle insurance aaa car insurance quote find cheap car insurance new car insurance quote auto insurance companies get car insurance quotes best cheap car insurance car insurance policy online new car insurance policy get car insurance car insurance company best cheap insurance car insurance online quote car insurance finder comprehensive insurance quote car insurance quotes near me get insurance