Fed's Kashkari Stresses Need for Significant Inflation Progress Before Rate Cuts Minneapolis Federal Reserve Bank President Neel Kashkari stated that the Fed should see significant progress on inflation before considering interest rate cuts. In a CNBC interview, he emphasized the need for several months of positive inflation data and mentioned the possibility of further rate hikes if inflation does not decrease. Although Kashkari initially anticipated two rate cuts this year, continued inflation may prevent any cuts by year-end. Recent data showed a smaller-than-expected increase in U.S. consumer prices in April. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The World Bank: Gold Investing Handbook for Asset Managers READ MORE Gold Gains on Fed Rate Cut Hopes; Copper Prices Rebound READ MORE Zimbabwe Faces Deflation with New ZiG Currency READ MORE Incrementum: Monthly Gold Compass February 2024 READ MORE Options Markets Signal Investor Unease Ahead of Pivotal Economic Week READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment