Fed's Mussallem: gradual rate cuts should resume
September 28, according to the Financial Times, the U.S. St. Louis Federal Reserve President Mussallem said that after cutting interest rates by 50 basis points earlier this month, the Federal Reserve should resume the practice of ‘gradual’ interest rate cuts.
Mussallem said the U.S. economy could respond ‘very positively’ to a looser financial environment, which would stimulate demand and extend the time it takes for the Fed to bring inflation down to 2 per cent.
According to forecasts released at this month's meeting, Mussallem is one of the officials expected to cut rates by more than 25 basis points for the rest of the year.
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
MegaETH token sale oversubscribed by 8.9 times, with subscription amount exceeding $450 million
Matrixport: Bitcoin is still in a range-bound state
Opinion: Bitcoin's short-term support is at $113,500; if it breaks below, it will retrace to the key $110,000 level.
BlackRock CEO Larry Fink: Cryptocurrency is a hedge against currency devaluation