#BTC Gold Finance reported that Mester of the Federal Reserve said that monetary policy is restrictive; the first quarter of the economy is stronger than expected; restrictive policies have eased the labor market; inflation risks still tend to rise; the latest CPI data is gratifying, but still too high; still believe that inflation will decline; may raise interest rates under appropriate circumstances, but not in a benchmark scenario; there is reason to believe that the neutral interest rate is higher than in the past; do not believe that the expectation of three interest rate cuts in 2024 is still appropriate.
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#BTC Gold Finance reported that Mester of the Federal Reserve said that monetary policy is restrictive; the first quarter of the economy is stronger than expected; restrictive policies have eased the labor market; inflation risks still tend to rise; the latest CPI data is gratifying, but still too high; still believe that inflation will decline; may raise interest rates under appropriate circumstances, but not in a benchmark scenario; there is reason to believe that the neutral interest rate is higher than in the past; do not believe that the expectation of three interest rate cuts in 2024 is still appropriate.