Fed’s Mester - Gradual rate rises still correct call

Cleveland Fed’s Mester, a well known hawk, was on the wires stating March FOMC should be live and a gradual rate rise is still correct call.

Key Quotes

March FOMC 'should be on the table'

Inflation expectations remain well anchored

Gold slides to session lows as USD firms up after GDP reading

Gold prices dropped to a session low of $1225.80/Oz as dollar index ticked higher following the upwardly revised US Q4 GDP release.
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USD/CHF rallies after US GDP revision

USD/CHF rallied to fresh 3-day highs at the beginning of the American session as the US dollar strengthened on the back of an upward revision to Q4 GDP.
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