🗣️“I suspect we may need to raise the federal funds rate again this year”

💬 Cleveland Fed President Loretta Meste spoke. At the same time, it concluded that: The economy is on a good development path. Demand is moderating and supply conditions are improving. Labor market conditions remain strong, but the imbalance between labor supply and demand is narrowing and businesses are finding it easier to find the workers they need. Progress is being made on inflation, but inflation levels are still too high.

👀 If so, then one thing is certain: there will be another "82nd disaster" to balance inflation.

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