Federal Reserve official Musalem supports keeping interest rates unchanged, remains skeptical about rate cuts

ChainCatcher news, according to Jinse Finance, Federal Reserve official Musalem stated that the Fed's recent stance of keeping interest rates high is consistent with recent inflation being above target and a robust job market. He expressed skepticism about the possibility of the Fed cutting rates at the September meeting. Although traders generally expect that most Fed members will support a 25 basis point rate cut in September, with a probability of 90%.