US Fed: Kashkari now projects one interest-rate hike this year
Minneapolis Fed President Neel Kashkari says he now projects one interest-rate hike this year. Doubts over the US-Iran peace deal and the AI buildup mean a hike is possible, he said.
Minneapolis Federal Reserve President Neel Kashkari says he now projects one interest-rate hike this year. According to MarketWatch, Kashkari cited doubts over the US-Iran peace deal and the AI buildup among the factors that changed his mind.
Kashkari judges that geopolitical risks and strong investment demand could put upward pressure on inflation. That makes it possible the central bank turns toward a hike rather than a cut.
Fed officials' assessments of the rate path remain decisive for the direction of markets. Investors are watching inflation data and signals from upcoming meetings closely.
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