Fed's Musalem: It could take several quarters to see data supporting rate cuts
Fed's Musalem said that May retail sales data implied moderate demand in the second quarter; it may take "a few quarters" to see data to support a rate cut; the labor market is no longer overheated, but still tight; if inflation progress stagnates, or even reverses, I would support the Fed to raise interest rates; that there is uncertainty about the extent to which policy is restrictive; the current stance of monetary policy allows the Fed to remain patient and assess the data. Uncertainty; the current stance of monetary policy allows the Fed to remain patient and evaluate the data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: A certain whale sold 7,621 ETH in the past 3 days, cashing out approximately $23.85 million.
Pudgy Penguins will launch a brand animation at the Las Vegas Sphere during Christmas.
Data: Suspected BitMine new wallet withdraws over 23,600 ETH from an exchange, worth approximately $73.4 million
US SEC Issues Crypto Asset Custody Guidelines, Systematically Outlines Wallet Types and Key Risks