More from Cleveland Fed Pres. Mester: Does not want to offer timing on rate cuts

<p>More from Cleveland Fed Pres. Mester:</p><ul><li>Doesn't want to offer timing on rate cut</li><li>Sees no rush to lower Fed rate target</li><li>Still leans toward three rate cuts for 2024</li><li>Wants more data before deciding on rates</li><li>Expects to see rate cuts later this year</li><li>Fed should not rule out asset sales for balance sheet</li><li>Expects balance sheet run off to slow before being stopped</li></ul><p>The Fed in their dot plot saw the Fed Funds rate falling from 5.40% to 4.60% which is about 3 cuts. </p>

This article was written by Greg Michalowski at www.forexlive.com.