Minneapolis Fed President Kashkari suggests modest interest rate cuts due to positive inflation and job data.

Minneapolis Fed President Neel Kashkari suggested that modest interest rate cuts are likely in the coming quarters, despite current restrictive monetary policy. He cited positive inflation and job market data as factors supporting this gradual approach. Other Fed officials also endorse this strategy to balance risks while targeting a 2% inflation goal. Following his comments, the US Dollar Index rose by 0.3% to 103.24, reflecting market response to the potential policy shift.

October 14, 2024
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