Fed's Musalem: Monetary policy is moderately restrictive

Fed's Musalem: Monetary policy is moderately restrictive

From forexlive.com

Monetary policy is moderately restrictive • Labor market is no longer overheated • Labor market no longer clear upside risk to inflation • Recent data have bolstered my confidence on inflation • Risk to both sides seem more balanced • Time may be nearing for a change in policy It doesn't get any clearer than this, he's ready to support a rate cut in September. He's also a voter in 2025 and sounds like he's ready to support a rate cutting cycle.

Added at 9:17am

FED'S MUSALEM: MORE DISINFLATION WORK TO DO
— Capital Hungry (@Capital_Hungry) August 15, 2024

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