US Fed Official Urges Caution But Says Could Back October Cut

Source: International Business Times

The Federal Reserve will publish its next interest rate decision on October 29 AFP A senior member of the US Federal Reserve on Friday indicated he could back another interest rate cut later this month, while urging a meeting-by-meeting approach going forward. "I could support a path with an additional reduction in the policy rate," St. Louis Fed President Alberto Musalem said during a conference in Washington, which was streamed online.