🚨 The Federal Reserve (FED) stated through Moussalem that it is still too early to decide whether to lower interest rates at next month's meeting. When asked if there were reasons to cut rates by 50 basis points next month, Moussalem said that, from his perspective, that would "not be supported by the current economic situation and economic outlook." Moussalem indicated that, on one hand, "the data is starting to give us signs of the possibility of persistent inflation." At the same time, he mentioned "the downside risks in the labor market." Moussalem stated that the slowdown in U.S. economic growth, coupled with the pressure from tariffs on corporate profit margins, could threaten the labor market, which has so far performed well. He added: "I weigh these two factors, and when we see tension between the two objectives, it is necessary to adopt a balanced strategy."
