Fed's Musalem: Will wait to see data before deciding on December meeting
Source Fxstreet
St. Louis Federal Reserve President Alberto Musalem said on Wednesday that it might be possible to pause rate cuts at the upcoming meetings, and added that they are keeping all options for the December meeting.
Key takeaways
"Will wait to see data before deciding on December Fed meeting."
"Restrictive monetary policy will continue to cool inflation."
"Chances of labor market trouble are low right now."
"The job isn't done to bring inflation back to target."
"Monetary policy is moderately restrictive."
"Uncertainty about monetary policy, election, had weighed on the economy."
Market reaction
The US Dollar Index edges higher following these comments and was last seen rising 0.32% on the day at 106.68.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitwise's Matt Hougan Predicts a Crypto Boom in 2026 Amid Current Market Struggles
Bitcoin holds steady above $90,000 as traders eye $100,000, buoyed by Thanksgiving market lull.
Gold (XAU/USD) attracts fresh buyers during the Asian session on Friday and climbs to a two-week high, with bulls now eyeing to reclaim the $4,200 mark amid dovish US Federal Reserve (Fed) expectations.
Silver (XAG/USD) climbs to a fresh all-time high on Friday, buoyed by dovish Federal Reserve expectations alongside strong industrial and investment demand.
Crypto Market Outlook: Bitcoin, Ethereum, and XRP Tumble as BoJ Hawkishness Sparks Risk-Off RoutBitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
Bitcoin slides below $87,000, Ethereum leans on $2,800 support and XRP hovers around $2.00 as December opens with a risk-off tone, leaving BTC eyeing $80,600–$74,508, ETH exposed to $2,111 and XRP to $1.90 unless buyers can turn key levels into a base for a rebound.
