Fed's Kashkari suggests a December rate cut due to economic slowdown, trade tensions, and inflation concerns.
Fed's Kashkari considers a December rate cut "reasonable." Kashkari, a Federal Reserve official, suggests that current economic conditions make it likely that the Fed will lower interest rates in December. This prediction is based on factors such as global economic slowdown, trade tensions, and domestic inflation concerns. However, Kashkari also acknowledges that there's still uncertainty surrounding the decision.
June 16, 2024
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