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Fed's Musalem: It could take several quarters to see data supporting rate cuts

Fed's Musalem: It could take several quarters to see data supporting rate cuts

Bitget2024/06/18 19:50

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.
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