Mester does not see a cut in March, but a possible slowdown in QT on the horizon 📌

The chances of achieving the inflation target this year are zero.
Does not see chances for a rate cut in March.
More signs of further inflation decline are needed. If these appear, there will be a discussion about cuts.
A slowdown in QT is not certain, but the Fed will start discussions on this topic this year.
At this point, the Fed is rather discussing how long it needs to maintain interest rates at the current level.

Generally, these words are mixed for the dollar, but on the other hand, they are good for the stock market. If the Fed ends or significantly reduces balance sheet tightening, it will be very good news for the stock market. On the other hand, the start date of such a process is rather distant. There is a chance that the first cut will take place before the reduction or cessation of QT.

Source: xStation5

23 April 2026, 7:00 PM

Daily summary: Risk-off takes over 📉 US stocks plunge, while dollar and oil rebound sharply 💸

23 April 2026, 2:48 PM

BREAKING: US PMIs beat estimates 📈 Stocks back in the green

23 April 2026, 8:54 AM

💶European PMI Plunges as Iran Conflict Batters Economic Activity

23 April 2026, 7:18 AM

Economic Calendar: PMI in Focus, a Key Day for Global Markets

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