rate hike

Fed’s Mester says another rate hike in 2019 is possible HW+

The Federal Reserve Bank of Cleveland President Loretta Mester said she expects the strong economy may warrant another interest rate hike in 2019. In a speech, Mester explained that she believes the funds rate may need to move just “a bit higher” if the economy performs strongly, but said she’s willing to consider changing her outlook if the economy changes course.