Free Trial

Kashkari Sees 2-3 Cuts For 2024 As Appropriate Right Now

FED

Kashkari (non-voter) speaks on CNBC having already spoken twice this week, including an essay on Monday.

  • Most market relevant aspect is him seeing 2-3 cuts this year as appropriate right now.
  • CRE issues appear limited to individual banks, we’re watching CRE very carefully. Other CRE segments besides offices are doing well.
  • His other comments are directly in keeping with prior remarks: economy showing up as remarkably resilient and can take time to assess data before cutting, with the labor market to help determine the speed of cuts.
  • Housing market’s resilience has been surprising.
  • Fed must be non-political and act based on data.

To read the full story

Close

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.