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Members began their discussion of international economic conditions by noting that the risks to global growth had become more balanced over prior weeks. While national accounts measures of growth in most advanced economies had remained weak, some forward-looking indicators had been more positive. The United States was the exception, where growth had been ...
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Federal Reserve Bank of Cleveland President Loretta Mester says monetary policy is well-positioned and expects inflation to come down. Speaking with Mike McKee on Bloomberg Television, Mester also says three rate cuts in 2024 is probably no longer appropriate.