Fed’s Musalem: More data needed before deciding on September rate cut ...Middle East

Musalem spoke with Reuters.

St. Louis Fed President Alberto Musalem said he needs more data before deciding whether to back a rate cut at the September 16–17 FOMC meeting. He noted inflation is running closer to 3% than the Fed’s 2% target and could prove persistent, while risks to the labor market have not yet materialized.

While Fed Chair Jerome Powell earlier suggested a cut “may” be warranted as tariff-driven inflation fades and labor risks mount, Musalem’s comments underscored reluctance among some policymakers to ease while inflation remains above target. He added that he is focused on the full path for policy, not just one meeting.

The Federal Open Market Committee (FOMC) next meet on September 16-17.

The big news was from Federal Reserve Chair Powell:

investingLive Americas FX news wrap 22 Aug: Markets cheer on Powell tilt (for now) This article was written by Eamonn Sheridan at investinglive.com.

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