🗣️ Fed Member Musalem weighs in:

• Service and housing inflation remains stubbornly high.

• Monetary policy is moderately restrictive, but the labor market is showing signs of cooling.

• The overheated labor market poses an upward risk to inflation.

• Recent data boosts confidence in controlling inflation.

• A shift in the policy rate might be on the horizon.

Stay tuned, as these insights could signal key moves in the market!

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