Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Federal Reserve Bank of Cleveland President Loretta Mester has penciled in a 2022 interest rate increase, saying the economy has met the Fed's inflation goals for liftoff and is likely to see maximum employment by the end of next year.
"The number of payroll jobs and the labor force participation rate are still well below where they were prior to the pandemic, and unemployment rates are still well above their pre-pandemic levels. But as the recovery continues, labor markets will continue to improve, and I expect that the conditions for liftoff of the fed funds rate will be met by the end of next year," she said in remarks prepared for an Ohio bankers meeting.
She sees the unemployment rate falling to 4.75% by the end of this year and to about 4% by the end of next year. Mester, an FOMC voter in 2022, is among 9 FOMC officials who said this week that a rate hike would be appropriate by December 2022.