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 U.S. Job Openings Decline in November, Indicating Labor Market Shift READ MORE Copper: The New Gold for Miners Amidst Global Energy Transition READ MORE The Silver War: How China's Stockpiling Affects World Markets READ MORE "AI-Fueled Equity Bubble" – Big Tech to Ignite Next Equity Market Surge READ MORE Modest Inflation Increase Won't Derail Fed's Easing Strategy READ MORE Add a Comment Cancel replyYour email address will not be published.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