Alberto Musalem

Money Moves

Said on Oct. 30 that additional firming is necessary "and soon"

The Federal Reserve held its benchmark rate at 3.75% to 4% on Oct. 28, a pause after September's quarter-point increase, the first hike since 2023. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, wanting another quarter-point increase.

Updated 3 days ago

Rule Changes

Indicated on October 30 that the Fed may need to resume raising rates

Wholesale prices jumped 1.3% in September, the biggest monthly gain since March 2022, as gasoline rose 20.3% during the US-Israeli war with Iran. Producer prices were 6.3% higher than a year earlier, the fastest pace since December 2022.

Updated 4 days ago