Fed's Musalem Says Labor Market Stable, Around Full Employment And Not A Source Of Inflation Pressure; Commodity Shock Is More Than Just Oil, Includes Base Metals Like Copper; Better For Rate Hikes To Be 'Earlier And Incremental' Rather Than 'Later And Larger'; Even When Stripping Out Supply-Related Factors, Inflation Is Still 'Too High' At Up To 3%; Business Contacts Say They Are Planning On Price Increases 'Closer To 3%'
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Why It Matters
A Federal Reserve leader said the job market is healthy and not pushing prices up too much. He thinks smaller rate increases spread out over time work better than big ones later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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