Federal Reserve of Minneapolis President Neel Kashkari hit newswires for the second time on Tuesday as the Fed official weighs in on the Fed's inflation and interest rate outlook for the rest of the year. Key highlights Most likely scenario is rates stay put for an extended period. If disinflation returns, or we see marked weakening in the job market, that might lead to rate cuts. Raising rates is not the most likely, but it can't be ruled out.
Friday's jobs report was softer than expected, but not actually soft. New lease rates seem to have ticked up, and that's a little concerning. If inflation becomes embedded, we might hike if needed. Kashkari would need to see multiple readings on inflation to be confident enough to cut rates. Kashkari put down 2 rate cuts in 2024 in March, it's possible it will stay at 2, or go to 1 or even 0 rate cuts for the June SEP. The US economy is in a good place.
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.
Source: PhillyInquirer - 🏆 81. / 68 Read more »
Source: 13WHAM - 🏆 256. / 63 Read more »
Source: adndotcom - 🏆 293. / 63 Read more »