{"id":101295,"date":"2024-05-16T20:21:09","date_gmt":"2024-05-16T16:21:09","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=101295"},"modified":"2024-05-16T20:22:34","modified_gmt":"2024-05-16T16:22:34","slug":"fed-officials-still-need-further-conviction-regarding-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/fed-officials-still-need-further-conviction-regarding-inflation\/05\/16\/market-updates\/","title":{"rendered":"Fed officials still need further conviction regarding inflation"},"content":{"rendered":"\n<p>On Thursday, Loretta Mester, President of the Federal Reserve Bank of Cleveland, emphasized that maintaining the current levels of Fed policy will aid in returning still-elevated inflation to the 2% target.<br><br><strong>Key Quotes<\/strong><\/p>\n\n\n\n<p>Current restrictive policy will help lower inflation.<br><br>Monetary policy well positioned as fed reviews more data.<br><br><br>It will take longer to gain confidence that inflation is moving towards 2%.<br><br><br>Strong economy means Fed risking little to hold policy in place.<br><br><br>Risks to inflation side of the Fed mandate have increased.<br><br><br>Downside risks to growth, hiring have fallen<br><br><br>Expects gradual progress on lowering inflation.<br><br><br>Welcomes CPI data sign of cooling inflation.<br><br><br>Labor market conditions are strong.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Thursday, Loretta Mester, President of the Federal Reserve Bank of Cleveland, emphasized that maintaining the current levels of Fed policy will aid in returning still-elevated inflation to the 2% target.Key Quotes Current restrictive policy will help lower inflation.Monetary policy well positioned as fed reviews more data.It will take longer to gain confidence that inflation &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,8768],"class_list":["post-101295","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-loretta-mester"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=101295"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101295\/revisions"}],"predecessor-version":[{"id":101300,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/101295\/revisions\/101300"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77037"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=101295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=101295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=101295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}