Fed’s Musalem: To cut judiciously and patiently as inflation risks rising

St. Louis Fed President Alberto Musalem stated in a speech overnight that he expects inflation to converge toward the Fed’s 2% target over the medium term. His baseline scenario anticipates a cooling labor market that remains within the range of full employment, alongside moderating compensation growth. Musalem emphasized that this outlook depends on monetary policy […]

The post Fed’s Musalem: To cut judiciously and patiently as inflation risks rising appeared first on Action Forex.