Fed’s Musalem in favour of more rate cuts

Quick Summary:

Federal Reserve (Fed) Bank of St Louis president Alberto Musalem says he supports more interest rate cuts as the US economy moves forward on a healthy path, while noting that it is appropriate for the central bank to be cautious and not overdo easing monetary policy.

Last Friday the government reported data showing unexpected and very vigorous strength in the job market, which called into question widespread concerns that the labour sector was weakening.

The St Louis Fed president supports rate cuts and says it is good for the central bank to be cautious.

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Category: EconomyBusiness

Markets: Malaysia

Topics: USEconomy MonetaryPolicy QuantitativeTightening Economy InflationControl InterestRateCuts EconomicOutlook /Business/Business News JobMarketStrength FedPolicy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 679 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22959216

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