News list for "muslim"
Alberto Musalem, president of the US Federal Reserve Bank of St Louis, said he supported Fed policymakers' decision to leave interest rates unchanged last week, adding that the central bank was still falling short of meeting its inflation target. "The state of the economy suggests that we are not yet on target for inflation," Mr. Musalem said at an event in Itabena, Mississippi, on Friday, adding that "we are not missing our employment target" and the labour market is close to full employment.
Sudan's Khartoum state government said on the 10th that the Sudanese Rapid Support Forces shelled Omdurman, west of the capital Khartoum, killing 65 civilians.
The Fed's Musalem said May retail sales data meant that demand was moderate in the second quarter; it could take "several quarters" to see data supporting a rate cut; the labor market is no longer overheating but still tightening; I would support the Fed to raise interest rates if inflation progress stalls or even reverses; believes there is uncertainty about the degree of policy restraint; and the current stance of monetary policy allows the Fed to be patient and evaluate the data.
