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post: Mester: Rate Cut Depends on Progress with Inflation Mester: Lack of Progress on Inflation Was Not Welcome Mester: No Risk in Spending More Time Gathering Data on Inflation Because Economy is Strong Mester: MonPol’s Moderating Demand, but Not as Fast as Expected post: Mester: Still Think Inflation Will Come Down Mester: but Inflation Won’t Come Down Quickly post: Mester: if There’s Unforseen Deterioriation on Realside of Economy, Can Cut Rates Mester: Can Hold Rates, or Even Raise Them, if Inflation, Against Expectations Stalls Out or Reverses post: Fed’s Mester: Neutral Rate May Be Higher Than Previously Expected - BBG TV - Says She Raised Her Estimate On Neutral Rate In March - Previously Saw 3 Cuts In 2024, No Longer Believes 3 Cuts Is Appropriate
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Gold prices hit an all-time high of $2,448.80/oz. on April 12, 2024, on the back of hotter-than-expected NFP, sticky inflation and rising geopolitical risk. These factors attracted inflow of funds as shown by increasing managed money long positions to around two-year high. Despite the pullback towards the end of the month as profit-taking and U.S. dollar ...