Fed's Kashkari: If inflation data is good, it will prompt me to support further rate cuts

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ODAILY
02-07
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Odaily reports that Federal Reserve's Kashkari spoke on macroeconomic data, "The rise in the 10-year US Treasury yield is not a concern, which may also be due to the fiscal deficit. The Federal Reserve will bring inflation down, and there is great uncertainty about the location of the neutral interest rate." "The most important data today is the 4% unemployment rate. The current labor market is still good. The economy is strong and the business outlook is optimistic. We need to wait and see about the US tariff policy. We are currently in a good position to wait and see until we get more information about government policies. If I see good inflation data and the labor market remains strong, that will prompt me to support further rate cuts." "If inflation declines, I don't see why rates should remain unchanged. Barring some truly surprising administrative policy changes, rates are expected to be moderately lower by the end of the year than they are now. Inflation is expected to continue to decline this year."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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