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Fed's Mester: Rate hike may be delayed if economy disappoints

FXStreet (Bali) - Cleveland Fed President Loretta Mester, speaking to the Money Marketeers of New York University on “Federal Reserve Communications and Forward Guidance”, said that an increase in interest rates by the Fed could be delayed if economy disappoints.

Further headlines were carried via Boomberg:

September could give more information on consensus outlook

Federal Reserve September economic projections could be improved

FOMC made clear rates could rise sooner if warranted

OMC October 29 statement important step in right direction

Favors less focus on calendar date for rate liftoff

Says Federal Reserve should stress data dependency of policy

USD/JPY bulls in control ahead of NFP’s

USD/JPY is trading at 115.16 and is well bid into the Asia open.
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RBA's SoMP: Most prudent course is period of rates stability

The RBA’s quarterly Statement on Monetary Policy (SoMP) has been published, with the Central Bank's reiterating that the most prudent course is a period of rates stability.
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