The Federal Reserve should keep raising its policy interest rate until it is confident inflation has peaked and that means interest rate hikes “at least at the next few meetings,” Read more
Tag: Kashkari
Gold, silver retreat as Kashkari hints at more rate hikes past 4.75%
Gold and silver prices retreated on Wednesday as the U.S. dollar strengthened and Treasury yields advanced further beyond the 4% mark. Price action Gold futures due in December GCZ23, -0.96% Read more
Fed is ‘dead serious’ about getting inflation down, Kashkari says
The Federal Reserve is raising interest rates aggressively in order to make plain to American households and businesses that it is committed to bringing inflation down, Minneapolis Fed President Neel Read more
U.S. stocks edge higher as Dow looks to snap longest losing streak in a month
U.S. stocks traded slightly higher on Wednesday following three days of losses as the Dow Jones Industrial Average looked to snap its longest losing streak in a month. How stocks Read more
Fed’s Kashkari says July CPI is ‘first hint’ of possible good news on inflation
The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Read more
Kashkari says Fed is committed to reining in inflation, but ‘we are a long way away’
Calling the latest inflation readings “very concerning,” Federal Reserve Bank of Minneapolis President Neel Kashkari said Sunday that the central bank is still committed to its goal of 2% inflation. Read more