Federal Reserve official Moulfalem: The U.S. economy will rebound strongly at the beginning of next year, with limited room for further interest rate cuts.
Wisdom Financial APP learned that Alberto Musalem, President of the St. Louis Federal Reserve, said that he expects the U.S. economy to rebound strongly in early next year, underscoring the need for caution by Fed officials when considering further interest rate cuts. Musalem stated on Monday, "I believe we will see a significant rebound in the economy in the first quarter," attributing this to economic stimulus after the government shutdown, fiscal support, the impact of previous interest rate cuts, and relaxation of regulations.
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