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EXPLAINED: Us fed official urges caution but says could back october cut | Vintage Vibes

US Federal Reserve United States Alberto Musalem Inflation

The Federal Reserve will publish its next interest rate decision on October 29 (Credit: AFP)

A senior member of the US Federal Reserve on Friday indicated he could back another interest rate cut later this month, while urging a meeting-by-meeting approach going forward.

"I could support a path with an additional reduction in the policy rate," St. Louis Fed President Alberto Musalem said during a conference in Washington, which was streamed online.

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