Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Federal Reserve Bank of Minneapolis President Neel Kashkari has raised the possibility of no rate cuts in 2024 if inflation continues to stall. He mentioned that if inflation remains stagnant, the Fed may not need to implement rate cuts this year, potentially impacting the central bank's strategy. Kashkari's comments have caused concern in the stock market, with investors reacting to the uncertainty surrounding future rate cuts.
Federal Reserve Bank of Minneapolis President Neel Kashkari said interest-rate cuts may not be needed this year if progress on inflation stalls, especially if the economy remains robust. Do you agree?
Fed’s Kashkari saying he expects 2 more rate cuts caught the market ‘completely off guard’: Dennis Gartman | https://t.co/rPeHdADfL3 @MorningsMaria @FoxBusiness
Key Fed official raises possibility that interest rates won’t be cut in 2024 https://t.co/f9Tf66zpcI https://t.co/f9Tf66zpcI
