- Analytics
- News and Tools
- Market News
- Fed's Kashkari: We may have to hold rates at a higher level for longer
Fed's Kashkari: We may have to hold rates at a higher level for longer
Minneapolis Federal Reserve (Fed) President Neel Kashkari told CNN Tuesday that the labor market is still too hot and that it makes it harder to bring inflation down, as reported by Reuters.
"We may have to hold rates at a higher level for longer," Kashkari added and said that he is not forecasting a recession.
Earlier in the day, Kashkari told CNBC that they are totally committed to getting inflation back to the 2% target.
Market reaction
The US Dollar holds resilient against its major rivals after these comments with the US Dollar Index clinging to modest daily gains at 103.75.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
