{"id":80157,"date":"2023-02-17T04:25:23","date_gmt":"2023-02-17T00:25:23","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=80157"},"modified":"2023-02-17T04:29:04","modified_gmt":"2023-02-17T00:29:04","slug":"feds-mester-a-recession-could-happen-as-rates-rise","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-mester-a-recession-could-happen-as-rates-rise\/02\/17\/market-updates\/","title":{"rendered":"Fed&#8217;s Mester: A recession could happen as rates rise"},"content":{"rendered":"\n<p>Cleveland Fed President Loretta Mester said as the Federal Reserve&#8217;s higher interest rates slow the economy, a recession may result, though it&#8217;s not part of her baseline forecast and is not what the central bank wants.<br><br>US Dollar Index prints mild gains around 104.15 as bulls flirt with the six-week high amid early Friday. The hawkish Fed commentary and upbeat US data, as well as the US-China tension, could be considered to play major roles in portraying the DXY\u2019s three-day uptrend.<br><br>&#8220;I don&#8217;t think it&#8217;s a positive outcome, but it may happen,&#8221; Mester said. &#8220;We may have a mild recession &#8211; I can&#8217;t rule that out. I haven&#8217;t penciled that in to my own projection, but when you have growth well below trend, it wouldn&#8217;t take that much of a negative shock &#8212; but again I don&#8217;t think that&#8217;s necessarily a positive thing, that&#8217;s not what we are engineering to do.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cleveland Fed President Loretta Mester said as the Federal Reserve&#8217;s higher interest rates slow the economy, a recession may result, though it&#8217;s not part of her baseline forecast and is not what the central bank wants.US Dollar Index prints mild gains around 104.15 as bulls flirt with the six-week high amid early Friday. The hawkish &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62386,"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":[8143,8768,7536],"class_list":["post-80157","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-interest-rate-hikes","tag-loretta-mester","tag-recession"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80157","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=80157"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80157\/revisions"}],"predecessor-version":[{"id":80165,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80157\/revisions\/80165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62386"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}