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2026-09-22 02:24:13
Federal Reserve official Mussalim stated that without further policy tightening, inflation could still be significantly above the 2% target 18 months from now. Business leaders he spoke with revealed plans to keep product price increases "close to 3%." Even after removing supply-side factors, current inflation remains high at 3%. Mussalim believes that rather than waiting for a forced, large-scale rate hike later, it's more appropriate to take earlier, gradual steps to increase rates. He also mentioned that the current impact on commodities is not limited to oil; base metals such as copper have also been affected.
