Federal Reserve's Musalem Cautious on Potential Rate Cut Amid Economic Uncertainty

According to BlockBeats, Federal Reserve official Musalem stated that it is premature to decide on a rate cut at next month's meeting. When asked about the possibility of a 50 basis point reduction, Musalem expressed that such a move would not be supported by the current economic conditions and outlook. He noted that data is beginning to provide indications of potential persistent inflation. Musalem also highlighted the downside risks in the labor market source: https://www.binance.com/en/square/post/28310137141529?utm_source=BinanceNewsRSS