Breaking News

Advancing Sub-Kilowatt Electric Propulsion Technology for Planetary Exploration and Commercial Missions JD Sports secures $1.1 billion agreement for expansion into American market Report on AI Innovations, Funding, and Products in Q1 2024 Police body camera footage captures officers rescuing dogs at Fairfield business complex Yves Klein Explores the Tangible World at Lévy Gorvy Dayan

Cleveland Fed President Loretta Mester recently discussed the state of the economy in a question-and-answer session. She noted that there are signs of slowing, but overall she sees a rebalancing occurring. While disinflation can occur even in a strong economic environment, Mester believes that the neutral interest rate will not be as low as it once was and expects to see slower employment growth and a slight uptick in the unemployment rate while healthy labor markets should still be in place. However, she acknowledged that the average family is still struggling with inflation, which is affecting consumer sentiment.

Mester also discussed the Fed’s efforts to ensure that banks are prepared for the discount window and that commercial real estate risks for banks are manageable. In terms of the stock market, US stocks have rebounded from their lowest levels but are still down. The S&P index is at 5192.39, with a 100-hour moving average at 5198.76. The Dow Industrial Average is at 39103.40, and the NASDAQ index is down at 16182.

Yields are mixed and have decreased from their highest levels. The 2-year yield is at 4.695%, down 2.3 basis points, while the 5-year yield is up by 0.9 basis points at 4

Leave a Reply