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- Fed’s Kashkari sees one more rate hike this year
Fed’s Kashkari sees one more rate hike this year
Minneapolis Federal Reserve Bank President, Neel Kashkari, said early Tuesday, “I am one of the fed policymakers who sees one more rate hike this year.“
Additional comments
Still more work to do on services inflation.
Fed can definitely get back to 2% inflation.
May need to cut rates if real rates are tightening.
US rates probably have to go a little bit higher, be held there for longer, to cool things off -- remarks made earlier on Monday and now posted on the Minneapolis Fed website.
Falling inflation next year might justify backing off Federal funds rate to stop if from getting tighter.
Balance sheet runoff will continue for the foreseeable future.
Effects of balance sheet runoff may not be fully felt yet.
Market reaction
The US Dollar Index is seeing a fresh uptick on the above comments, currently trading at 106.01, modestly flat on the day.
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