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Fed Musalem: follow the overall Interest Rate path, inflation risks still exist.
[Golden Finance] According to reports, Fed's Musalem stated that we should follow the entire interest rate path, rather than just focusing on the rate decisions of a specific meeting. Inflation has been above target levels and there are ongoing risks. The next employment report may influence the decision to cut rates, depending on the content of the report. Risks in the labor market are rising, but have not yet manifested, and the inflation effects of tariffs are expected to gradually fade. The interest rate path may include a pause in rate cuts.