Fed’s Musalem: Rates Should Rise Over Next 6-9 Months
St. Louis Fed President Alberto Musalem said interest rates will need to increase over the next six to nine months to bring inflation down in a timely manner, but did not endorse a hike at the October meeting.
Original · Bloomberg AI summary of public reporting
Why: Higher rates expected → pressure on equities
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Prices since publication
At publication → CurrentSP5007,758 → 7,812+0.7%
para:10Y— → ——
para:2Y— → ——
TLT77.90 → 77.96+0.1%