Fed officials: Economic data shows potential inflation risks, not considering interest rate cuts for now.

[Coin World] Fed's Musalem stated that it is still too early to decide whether to cut interest rates at next month's meeting. When asked if there is reason to cut rates by 50 basis points next month, Musalem said that from his perspective, this would "not be supported by the current economic conditions and outlook." Musalem noted that on one hand, "data is beginning to give us some indications of whether there is a possibility of persistent inflation." At the same time, he mentioned the "downside risks in the labor market." Musalem stated that the slowdown in US economic growth, coupled with tariffs pressuring corporate profit margins, could threaten the labor market, which has performed well thus far. He said: "I am weighing these two factors, and when we see tension between the two goals, a balanced approach is needed."