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Fed's Musalem urges caution on further rate cuts
St.
St. Louis Fed President Alberto Musalem warned that inflation remains well above target and urged the Federal Reserve to ‘tread with caution’ before cutting rates again. He said another quarter-point cut could be justified to support the labor market but stressed that over-easing risks entrenching price pressures. Musalem added that a data-driven approach is vital amid the government shutdown and ongoing data delays.