Federal Reserve Kashkari: Most likely to keep interest rates unchanged for an extended period of time
2024-05-07 15:45:09
The Federal Reserve Kashkari said that it is most likely to keep interest rates unchanged for an extended period of time; if the labor market is seen to weaken significantly, it may stimulate interest rate cuts; if inflation becomes entrenched, it may raise interest rates if necessary; interest rate hikes are not the most likely scenario, but this possibility cannot be ruled out; it needs to see multiple positive inflation data to help the Federal Reserve start cutting interest rates. The June Summary of Economic Expectations (SEP) is expected to not expect more than two rate cuts in 2024.
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