.Fed’s Musalem:
- Outside of data centers, business investment has been tepid
- Business learning how to run their firms in uncertain environment
- Critical to return to having readily available official data that has integrity.
- We are not flying blind though.
- Have a reasonable picture of what the economy is doing
Meanwhile the hawkish comments from Hammack have given stocks the go-ahead to push lower. The NASDAQ is now down 2.5%. The S&P is down -1.61% and the Dow industrial average is down -1.25%
Musalem is the president of the St. Louis Fed, and is a voting member for the December meeting.
This article was written by Greg Michalowski at investinglive.com.
