Kashkari told CNBC on Monday he's open to holding off on another rate hike, but cautioned against reading too much into a pause.
Minneapolis Fed President Neel Kashkari on CNBC on Monday cautioned against reading too much into a June pause in the current rate-hiking cycle.
Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank's commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated.Minneapolis Federal Reserve President Neel Kashkari on Monday said he's open to holding off on another interest rate hike next month, but cautioned against reading too much into a pause.
Markets currently are putting about an 83% probability that the rate-setting Federal Open Market Committee holds off on what would be an 11th consecutive increase when it convenes June 13-14, according to theBeyond that, traders see the Fed likely cutting about half a percentage point off rates before the end of the year, a nod towardCentral bank officials have been unified in saying they don't expect cuts this year.
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