Federal Reserve Bank of Minneapolis President Neel Kashkari speaking in an interview with the Wall Street Journal:
- Base case is no more rate hikes
- If inflation seems
more entrenched than we think, the first thing fed would do is hold
for longer - If inflation flares
again that could justify rate hike - In December had
expected two rate cuts in 2024 - Hard to see that i
would now expect more rate cuts - Decision on rate
cuts will depend on inflation data - If economy continues to be healthy, why would we cut rates
- We want to avoid a
downturn, have a soft landing - US labor market is
coming into better balance
Bolding above is mine. A good point from K. Beware of this.
This article was written by Eamonn Sheridan at www.forexlive.com. Source