Fed's Mester: Raising interest rates would be a "prudent step"

Fed Cleveland's President Loretta Mester was on the wires, via Reuters, noting that raising interest rates would be a prudent step

Key headlines (via Reuters):

  • Prospects are likely higher for changes in fiscal, immigration, infrastructure and trade policies
  • Says 'very uncertain' how those changes will affect inflation, employment; 'devil will be in the details'
  • Postponing hikes for too long would raise risks of recession and financial instability; fed not yet behind curve

GBP/USD robust on the OPEC deal perhaps, resilient to dollar strength elsewhere

Currently, GBP/USD is trading at 1.2499, up 0.05% on the day, having posted a daily high at 1.2517 and low at 1.2420...
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Fed's Powell: Rise in inflation compensation is a good thing

Fed's Governor Jerome Powell crossed the wires last minutes, via Reuters, stating that an increase in inflation compensation is a "good thing"...
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