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Fed's Mester: Weak inflation shouldn't delay interest rate hikes

"The recent weakness in U.S. inflation has not convinced her the Fed should delay plans for further interest rate," said  Cleveland Federal Reserve Bank President Loretta Mester in an interview with Reuters.

Key quotes:

  • Uncertainty surrounding trump administration not yet feeding into economic forecasts, sees growth staying around 2 pct
  • Risk around current Fed economic and rate forecasts appear balanced
  • Fed will likely announce start date for balance sheet reduction before actually scaling back bond reinvestments
  • Studying equity markets for signs of excess but says record prices likely due to earnings, low rates
  • Wage rises inevitable as hiring continues and economy tightens
  • I expect long-term bond yields to ultimately rise as fed continues boosting short-term rates and shrinks asset holdings

Wall Street erases gains to close little higher after Trump's announcement

After recording solid gains in the first half of the session, major equity indexes in the U.S. reversed course and closed the day slightly higher. Af
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Bitcoin back above $4000, up more than $200 on the day

After refreshing its record high on Monday at $4430, bitcoin made a technical correction yesterday before gathering momentum again on Wednesday. As of
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