Fed's Mester: December CPI report shows the job is not done yet

<ul><li>Today's inflation report doesn't change my view on where the Fed is headed</li><li>Forecasts that we will continue to see inflation fall this year</li><li>We will not get to 2% target this year</li><li>The Fed is in a good spot to assess as data comes in</li><li>This report doesn't tell us that inflation progress has stalled out but it tells us we have more work to do</li><li>Contacts say labor market is still tight but not as tight as before</li><li>March is too early for rate cuts, in my estimation</li><li>We are not there yet to cut rates, we want more evidence the economy is progressing as expected</li></ul><p>The headline is hawkish and she's generally hawkish but the rest of her comment speak for themselves.</p>

This article was written by Adam Button at www.forexlive.com.