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- Fed’s Kashkari: Not ready to declare a pause in rate hikes
Fed’s Kashkari: Not ready to declare a pause in rate hikes
“Until I see some compelling evidence that core inflation has at least peaked, not ready to declare a pause in rate hikes,” Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday per Reuters.
Additional comments
Without help from supply side, Fed needs to do more.
Inflation is much too high.
We are getting a lot of mixed signals.
There is some evidence job market is slowing down.
Fed needs to be aware of feedback to the US economy from the strong dollar and other global feedback loops.
Fed does not set monetary policy for the world.
My confidence in where inflation will be in six months is very low.
EUR/USD grinds higher
The news failed to get any major response from the market, may be due to the usual inactive hours of trading, while the EUR/USD pair remains sidelined near the five-week-old resistance surrounding 0.9860.
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