FED'S MESTER: FED IS IN A REALLY GOOD PLACE, NOT IN A RUSH TO CHANGE RATES

As reported by the Wall Street Journal, Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted in an interview on Tuesday that she believes the Fed is in a "really good place" regarding rates.

Key highlights

I am not eager to consider interest rate hikes.

Fed is in a "really good place" to study the economy before charting rate path.

It's too early to really conclude that we stalled out or that inflation is going to reverse.

There are definite signs that the real side of thee economy is moderating, and that is helping to bring balance back to the economy.