The new FED'S "Loose Cannon"
Posted: Apr 05, 2024
- Neel Kashkari of the Federal Reserve Bank of Minneapolis said interest rate cuts may not be needed in 2024 if inflation remains stable and the economy stays strong - Kashkari had previously considered two rate cuts this year if inflation fell towards the 2% target - If inflation stays the same, Kashkari may reconsider the need for rate cuts, questioning their necessity - The mention of interest rate cuts can impact the market and specific stocks, such as bank stocks (tickers: XLF, JPM, BAC)
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