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Benzinga
Benzinga
Piero Cingari

Interest Rate Cut In December? St. Louis Fed's Musalem Urges 'Patient Approach' In 'Last Mile' To 2%

An interest rate cut at the upcoming Federal Reserve’s Dec. 18 meeting remains far from being a done deal, as St. Louis Fed President Alberto Musalem's latest remarks suggest policymakers may face a heated debate in the weeks ahead.

Speaking at an economic symposium hosted by Bloomberg in New York, Musalem highlighted both progress and risks in the Fed's fight against inflation, indicating the need to approach interest rate cuts with caution.

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