-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Global Macro Weekly -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS ANALYSIS: Consolidation Ahead Nov Jobs Report
MNI POLITICAL RISK - Trump Announces Raft Of Key Nominations
Fed's Kashkari: Inflation Coming Up Short; Lack of Wage Growth
By Jean Yung
WASHINGTON (MNI) - The Federal Reserve still has a ways to go to achieve
its inflation target, Minneapolis Fed Bank President Neel Kashkari said Monday,
reiterating the main reason he has cited this year for voting against two
interest rate increases.
"Inflation has been coming up short -- a little low -- relative to our 2%
target," Kashkari told the Rotary Club of Sioux Falls, South Dakota.
"It actually matters that investors believe the Fed can achieve its goals,"
because the central bank's credibility depends on it, Kashkari said. "I would
like to see higher wage growth for workers' sake, for towns' sake and for the
Fed's sake."
Businesses are still not raising wages even as they complain it's
increasingly more difficult to find workers, he said.
"We're seeing the unemployment rate go down. We would think we'd see wages
go up across the board but we're not," he said.
He said he wants to see "a strong economy driven by innovation, driven by
real population growth that we hope will lead to higher wages where everybody is
better off."
But productivity growth has also been frustratingly slow, and it's unclear
what innovations could deliver a jolt to productivity or whether policymakers
can see them coming.
Kashkari said in June he preferred to await additional evidence that the
recent decline in inflation was temporary and that inflation was moving toward
the Fed's 2% goal before tightening monetary policy further.
The core personal consumption expenditures price index, the Fed's preferred
gauge of inflation, rose 1.5% from a year ago in June.
--MNI Washington Bureau; +1 202-371-2121; email: jean.yung@marketnews.com
[TOPICS: MMUFE$,M$U$$$]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.