Inflation

Federal Reserve Bank of Cleveland President Loretta Mester suggested Tuesday three rate hikes would be appropriate this year and next.

Consumers’ inflation expectations dipped, but respondents see households’ financial condition improving.

The Federal Reserve will raise interest rates in March, followed by one or two more in 2018, former Fed Gov. Randall Kroszner predicted Thursday night.

By setting a target, central banks have been able to keep inflation low and stable, Federal Reserve Bank of St. Louis President and CEO James Bullard said Thursday.

The Federal Open Market Committee raised the federal funds target rate 25 basis points to a range of 1.25% to 1.50%, the Fed announced Wednesday.

The Fed plans to raise rates in December and three times next year. Mary Ann Hurley, vice president of fixed income trading at D.A. Davidson & Co., warns this could invert the yield curve, which often signals recession.

Dragged down by prices not sensitive to the economy, inflation should rise next year, Federal Reserve Bank of San Francisco President John Williams says.

Blaming “transitory factors” for low inflation rates, Federal Reserve Board Chair Janet Yellen said Wednesday she expects gradual fed funds rate increases for “the next few years.”

Modest gains in health-care prices have kept inflation levels low, according to a Federal Reserve Bank of San Francisco Economic Letter, released Monday.

A rate hike should be appropriate “in the near future,” said Federal Reserve Bank of Dallas President Rob Kaplan.