Jeff Cox

The Cleveland Fed president said she’s reserving judgment on where policymakers go from here.

Wholesale prices fell 0.5% in October for biggest monthly drop since April 2020 - CNBC

Markets may be at least a tad optimistic, particularly considering the cautious approach central bank officials have taken.

The CPI, which measures a broad basket of commonly used goods and services, increased 3.2% from a year ago despite being unchanged for the month.

There was a time when bad news about U.S. debt would send markets into a tailspin, but that time apparently has passed.

Tighter policy is helping bring down inflation but not to where policymakers should feel too comfortable, the San Francisco Fed president said.

The U.S. central bank leader’s remarks follow a Fed decision last week to hold benchmark policy rates at their current level.

Often one of the central bank’s bigger proponents for tighter monetary policy, Mester, 65, will reach mandatory retirement in 2024.

Nonfarm payrolls were expected to grow by 170,000 in October, according to a Dow Jones consensus estimate.

Bad news is good news, as long as it isn’t too bad.