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Fed's Musalem Says Purchasing Power 'still An Issue' For Many Americans; Inflation Is Still A Very Big Thing For Consumers; Some Are Saying Non-interest Rate Related Costs Matter More Right Now; Tariffs Don't Appear To Be Passing Through To Services; Services Inflation Has Been At High Level, Needs More Work To Lower; By Second Half Of 2026 Will Move Back Toward 2% Inflation, But Needs Policy To Lean Against Inflation; Business Contacts Say Job Market Has Cooled; Labor Market Is Not A Source Of Inflation

Author: Benzinga Newsdesk | October 17, 2025 12:32pm

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