According to Jinshi Data on September 28, according to the Financial Times, St. Louis Federal Reserve President Musallem said that after cutting interest rates by 50 basis points earlier this month, the Federal Reserve should resume its "gradual" approach to interest rate cuts.
Musallem said the U.S. economy could respond âvery positivelyâ to easier financial conditions, boosting demand and extending the time it takes the Federal Reserve to get inflation down to 2%.
Musallem is among officials who expect more than 25 basis points of rate cuts for the rest of the year, according to projections released at this monthâs meeting.
