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June 16, 2024: Fed's Kashkari says it's "reasonable" to predict a December rate cut.

  • Andrew Belcher
  • Jun 24, 2024
  • 1 min read

After keeping the Federal Funds rate at 5.25% - 5.50% last week, Minneapolis Fed. Chair Neal Kashkari said that he wanted to see more evidence that inflation was headed back down towards their target of 2% before rates could be cut, but also mentioned it was a "reasonable prediction" to assume rates could be cut once this year, perhaps in December.




 
 
 

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