✉news BusinessEconomy first seen 17 h ago, last 15 h ago, peak #24

Fed's Kashkari says inflation still too high despite softer PCE data

Original: Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data, labor market is 'pretty good'

Minneapolis Fed President Neel Kashkari said inflation remains 'still too high' despite a softer-than-expected PCE inflation reading, while describing the US labor market as 'pretty good'. His comments suggest the Federal Reserve is in no rush to cut interest rates, with policymakers still waiting for more evidence that price pressures are durably returning to the 2% target.

Why now: Markets and investors are watching Fed officials' remarks for signals on the timing of interest rate cuts after the latest inflation data.

Neel KashkariFederal ReservePCE inflation data

Open on news →

Evidence

• Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data, labor market is 'pretty good' · CNBC

API: https://socialmediatrends-api.osmike.com/v1/trends/555857