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Former Cleveland Fed president Loretta Mester said unacceptably high inflation reflects strong demand against constrained supply. She said the FOMC is committed to bringing inflation back to 2% and has begun repositioning monetary policy.
U.S. GDP grew 5.5% last year.
A firm Fed commitment to tightening supports a stronger dollar and slower demand outlook, which can pressure dollar-priced feed commodities.
clevelandfed.orgMester, Loretta J.Jun 2, 2022After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
