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Key TakeawaysSt. Louis Fed President Alberto Musalem said on Thursday that rates “ought to be going up further” over the next six to nine months.
St. Louis Fed President Musalem said further tightening may be needed to return inflation to the Fed’s 2% target while preserving a strong labor market.
"Financial conditions remain accommodative and supportive of economic growth," said the Federal Reserve Bank of St. Louis president Alberto Musalem.