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MNI BRIEF: Kashkari Penciled In One More Rate Hike This Year

(MNI) OTTAWA

Minneapolis Fed President said the economy's resilience has been surprising and could continue.

Minneapolis Federal Reserve President Neel Kashkari said Monday his "dot plot" is for one more interest-rate hike this year, and suggested 2024 could see either high-for-long rates or a cut.

“We’re going to take our time, see what happens to inflation before determining how high we need to go,” Kashkari said during at talk hosted by the University of Pennsylvania’s Wharton School, and audio of the talk was delayed by technical problems.

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Minneapolis Federal Reserve President Neel Kashkari said Monday his "dot plot" is for one more interest-rate hike this year, and suggested 2024 could see either high-for-long rates or a cut.

“We’re going to take our time, see what happens to inflation before determining how high we need to go,” Kashkari said during at talk hosted by the University of Pennsylvania’s Wharton School, and audio of the talk was delayed by technical problems.

Keep reading...Show less