Reported about 7 hours ago
Alberto Musalem, President of the St. Louis Federal Reserve, expressed optimism about continued U.S. economic growth in 2025, despite recent weaker-than-expected data on consumer spending and the housing market, which raise concerns about potential risks. He noted that while the labor market remains strong and financial conditions supportive, a slowdown in business activity and consumer confidence could pose challenges ahead. The Fed plans to maintain its current monetary policy as inflation remains above target, but officials are monitoring the situation closely.
Source: YAHOO