Fed official Neel Kashkari suggests another interest-rate cut is reasonable in December.

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, suggests that another interest-rate cut at the Fed’s December meeting is reasonable. He notes the economy's resilience amid higher interest rates, indicating the neutral rate might be higher. More data on inflation and the labor market will be reviewed before the decision. Kashkari also stresses the need for a sustainable fiscal path.

November 25, 2024
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