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loretta mester
Cleveland Fed President Loretta Mester

Rob Kim

  • Fed official Loretta Mester said markets are ahead of themselves in their rate cut expectations.
  • The next step is not when to cut rates, but to decide how long to keep policy restrictive, she said.
  • Stocks have surged in recent weeks as investors grow optimistic for easing monetary policy.

Stocks are coming off their seventh consecutive week of gains, but Cleveland Fed President Loretta Mester said traders may be over their skis with their expectation for rate cuts early next year.

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economy, Markets, Markets, mester, federal-reserve, interest-rates, rate-cuts, Fed, Inflation, central-bank, jerome-powell, policymakers, Policy, monetary-policy, Recession
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A top Fed official warns markets have gotten ahead of themselves in their enthu…