• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Fed’s Kashkari: Sees more modest rate cuts ahead for U.S. economy

by October 14, 2024
written by October 14, 2024

By Michael S. Derby

(Reuters) – U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cuts likely lie ahead for the central bank as the 2% inflation target looms into sight.

“As of right now, it appears likely that further modest reductions in our policy rate will be appropriate in the coming quarters to achieve both sides of our mandate,” Kashkari said in a speech delivered before a conference held by the Central Bank of the Argentine Republic. He added, “ultimately, the path ahead for policy will be driven by the actual economic, inflation and labor market data.”

Kashkari said that the current stance of monetary policy, with the federal funds rate range between 4.75% and 5%, remains restrictive of growth, although by how much is unclear.

He said the Fed is “in the final stages of bringing inflation down to our 2% target,” while noting recent strong job market data shows the labor sector remains strong and is not on the verge of a rapid slowdown.

Kashkari spoke as the Fed is weighing how much further it can lower its interest rate target amid moderating price pressures and a still-strong economy.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Russia calls on BRICS partners to create alternative to IMF
next post
Brazil c bank reiterates GDP as key input; higher growth seen as possible

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • Taiwan stocks higher at close of trade; Taiwan Weighted up 0.33%
    • Trump clears Nippon merger with U.S. Steel

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy