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Economic Buzz: Fed's Musalem says US economic activity remains stable
11-Aug-2025 10:28
St. Louis Federal Reserve President Alberto Musalem has stated that US economic activity remains stable. He noted in a speech that bankers report that funding pressures have diminished, credit quality is good. Companies continue to report a shortage of skilled labor but remain cautious on capital spending and hiring. Companies are using different strategies to adapt to tariffs, including cost-cutting and negotiating with suppliers. Companies that are most dependent on imports are passing along costs; those closer to consumers are less likely to raise prices so far. The Fed is balancing risks to both sides of its mandate right now, he noted.

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