Reported about 8 hours ago
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has increased his forecast for interest rate cuts in 2025 from two to three, citing concerns over a cooling labor market rather than inflation. Following a recent 25 basis points rate cut, he indicates future actions may depend on labor market resilience, while he expects inflation to remain below 3% over the next couple of years.
Source: YAHOO