Fed official Musalem supports maintaining the current interest rate stance

MetaEraSep 3, 2025
#Macro
On September 3 (UTC+8), Fed's Mussa Lam said that the Fed's recent stance of keeping interest rates high is consistent with the recent inflation being above target and the strong performance of the job market. He is skeptical that the Fed may cut interest rates at the September meeting. After Fed Chairman Powell opened the door to rate cuts in a speech last month, rate cuts are now seen as the Fed's default option. Mussa Lam acknowledged that job growth has slowed, but he said the job market still looks solid, given the moderate unemployment rate and low initial jobless claims. He believes that, on the other hand, there is still considerable uncertainty about inflation, especially given the pressure from tariffs. Nevertheless, traders generally expect that a majority of Fed members will support a 25 basis point rate cut in September, with a 90.00% probability. [Jin10]
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Fed official Musalem supports maintaining the current interest rate stance

MetaEraSep 3, 2025
#Macro
On September 3 (UTC+8), Fed's Mussa Lam said that the Fed's recent stance of keeping interest rates high is consistent with the recent inflation being above target and the strong performance of the job market. He is skeptical that the Fed may cut interest rates at the September meeting. After Fed Chairman Powell opened the door to rate cuts in a speech last month, rate cuts are now seen as the Fed's default option. Mussa Lam acknowledged that job growth has slowed, but he said the job market still looks solid, given the moderate unemployment rate and low initial jobless claims. He believes that, on the other hand, there is still considerable uncertainty about inflation, especially given the pressure from tariffs. Nevertheless, traders generally expect that a majority of Fed members will support a 25 basis point rate cut in September, with a 90.00% probability. [Jin10]
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