Fed's Kashkari sees 60% chance of soft landing after one more interest rate hike, holding

The Federal Reserve's consistent increase in its benchmark rate has led to a significant decrease in inflation and maintained a steady unemployment rate, contrary to economists' previous predictions of economic contraction and job cuts. The current trends suggest that the central bank might be on track to achieve a challenging feat known as a "soft landing," which involves controlling inflation without instigating a severe recession.The Canadian dollar rose against its U.S.

STORY: Ghana's central bank held its main interest rate at 30% on Monday - following several days of anti-government protests driven by anger over economic hardship.The West African cocoa, gold and oil producer has been grappling with its worst economic crisis in a generation.That's been characterized by double-digit inflation and ballooning public debt.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fed’s Kashkari Says He Expects One More Rate Hike This Year(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects the US central bank will need to raise interest rates one more time this year and keep policy tighter for longer if the economy is stronger than expected.Most Read from BloombergIndians Have Five Days to Deposit $3 Billion in Soon-to-Be-Withdrawn BanknotesBonds Sink, S&P 500 Snaps Four-Day Losing Streak: Markets WrapCostco Offers Members $29 Online Health Care VisitsIndia-Canada Clash Should Be a Wake-Up C
Source: YahooFinanceCA - 🏆 47. / 63 Read more »