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Home » FED Member Kashkari Makes Optimistic Comments Predicts Month for Anticipated Interest Rate Cut
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FED Member Kashkari Makes Optimistic Comments Predicts Month for Anticipated Interest Rate Cut

By adminJun. 16, 2024No Comments1 Min Read
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FED Member Kashkari Makes Optimistic Comments Predicts Month for Anticipated Interest Rate Cut
FED Member Kashkari Makes Optimistic Comments Predicts Month for Anticipated Interest Rate Cut
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Neel Kashkari, a member of the Federal Reserve, shared optimistic views on the US economy and hinted at a potential interest rate cut in his recent statement. Speaking on CBS’s Face the Nation program, Kashkari highlighted the need for more evidence to support the idea that inflation is reaching the target of 2%. He also pointed out that the US economy is outperforming other nations that have already reduced their interest rates.

In a surprising move, Kashkari suggested that a rate cut could be expected in December. He emphasized the Fed’s cautious approach, stating that they are in a strong position to gather more data before making any decisions on interest rates. The consensus among economists is that a rate cut is likely towards the end of the year, aligning with Kashkari’s earlier predictions.

It is important to note that this information should not be considered as investment advice. For those interested in investing in over 300 cryptocurrencies, Binance exchange offers a 20% commission discount through this link. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.

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