PRIMER - Today’s Fedspeak includes: Waller, Kashkari, Musalem

15:40BST/10:40EDT: Fed’s Kashkari (2026 voter) moderates a panel at a Minneapolis Fed event. Speaking last week, Kashkari said he has no strong view on an October hike, has pencilled in one more rate rise this year and another in 2027, adding that the Fed may have to hike more than expected depending on the economy. He said the economy remains surprisingly resilient, with strong consumer spending and a broadly healthy labour market, though housing is weak. 18:40BST/13:40EDT: Fed’s Musalem (2028 voter) speaks on the economic outlook. Speaking in late September, Musalem described the economy as very strong, with the AI capex boom fuelling demand pressure, which is driving about half of current inflation, adding that policy remains somewhat accommodative after the last hike and long-run inflation expectations are consistent with 2%. He also said that central bankers need not make promises but should explain how and why policy decisions are made.