Reported about 4 hours ago
Federal Reserve President Neel Kashkari indicated that modest interest rate cuts are likely in the coming quarters to achieve the central bank's dual mandate. While monetary policy remains restrictive, Kashkari noted a strong job market and recent economic data suggests that significant weakening is not imminent. The recent warmer-than-expected inflation readings and job growth support the argument for gradual rate reductions, aligning with the consensus among Fed officials for at least two more cuts this year.
Source: YAHOO