Minneapolis Federal Reserve President Neel Kashkari expressed opposition to the Fed's recent rate cut, advocating for a cautious approach ahead of the December meeting. Kashkari noted that economic resilience has been stronger than anticipated, suggesting a pause in rate cuts might have been more appropriate in October. Despite some reports of low-income borrower distress, he highlighted that many companies remain optimistic about 2026. As for the December rate decision, Kashkari remains undecided, citing reasons for both cutting and maintaining rates based on current data.
Fed's Kashkari Opposes Recent Rate Cut, Awaits December Decision
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
