Loretta J. Mester, president of the Federal Reserve Bank of Cleveland said on Friday in an interview with Bloomberg, that they need to see a moderatio
of Cleveland said on Friday in an interview with Bloomberg, that they need to see a moderation in the labor market and wage growth. She mentioned they are not seeing evidence of a wage-price spiral but added, “inflation is still too high”.
is currently trading marginally higher around 104.05, although it is far from the monthly high it reached earlier on Friday at 104.44.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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