Fed's Kashkari says July CPI is 'first hint' of possible good news on inflation | The Markets Café
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
Sunday, April 2, 2023
No Result
View All Result
Subscribe
  • Login
The Markets Café
en English
zh-CN 简体中文en Englishfr Françaisde Deutschhi हिन्दीit Italianoja 日本語pt Portuguêsru Русскийes Españoltr Türkçe
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • VideosHOT
  • Community
  • Charts
No Result
View All Result
The Markets Café
No Result
View All Result
  • News
  • Politics
  • Markets
  • Crypto
  • Economy
  • Finance
  • Forex
  • Investing
  • Tech
  • Videos
  • Community
Home Economy

Fed’s Kashkari says July CPI is ‘first hint’ of possible good news on inflation

by Press Room
August 13, 2022
in Economy
96 7
A A
0
21
SHARES
687
VIEWS
FacebookTwitter

The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Neel Kashkari on Wednesday.

“I was certainly happier to see a surprise to the downside,” Kashkari said, during a panel discussion at the Aspen Economic Strategy Group’s annual meeting.

But the Fed is “far, far away from declaring victory,” he added.

Read: U.S. consumer price inflation surprises to downside in July

“I mean, this is just the first hint that maybe inflation is starting to move in the right direction,” he said.

Kashkari chafed at market expectations that the Fed will cut interest rates early next year, saying that this scenario was “not realistic.”

Traders in the federal funds futures market see the first rate cut coming next June.

“There’s a disconnect between me and the market,” Kashkari said.

“I think much more likely scenario is we will raise rates to some point and then we will sit there until we get convinced that inflation is well on its way back down to 2%,” Kashkari said.

U.S. stocks
DJIA,
+1.27%

SPX,
+1.73%
were sharply higher after the release of the CPI data.

Read the full article here

Related Articles

Economy

If you use these 13 phrases every day, you have higher emotional intelligence ‘than most people’: Psychology experts

April 1, 2023
Economy

Tipping in the United States has gotten out of control, experts say. Here’s why

April 1, 2023
Economy

Trump to surrender Tuesday morning before court appearance: report

April 1, 2023
Economy

Trump’s indictment is golden for his presidential campaign fundraising: ‘Trump is going to be able to raise a lot of money off this’ 

April 1, 2023
Economy

How Trump’s presidency became inextricably linked with catch-and-kill — setting the stage for his indictment

April 1, 2023
Economy

Deposits at small U.S. banks stabilize, but large banks see bigger outflow

April 1, 2023

About Us

The Markets Café

The Markets Cafe is your one stope Finance, Politics and bussines news website, follow us to get the latest news and updates from around the world.

Sections

  • Commodities
  • Crypto Markets
  • Crypto News
  • DeFi
  • Economy
  • Explained
  • Finance
  • Forex
  • Futures
  • Investing
  • Markets
  • News
  • NFT
  • Politics
  • Real Estate
  • Stocks
  • Tech
  • Videos

Site Links

  • Contact
  • Advertise
  • DMCA
  • Submit Article
  • Forum
  • Site info
  • Newsletter

Newsletter

THE MOST IMPORTANT FINANCE NEWS AND EVENTS OF THE DAY

Subscribe to our mailing list to receives daily updates direct to your inbox!

  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

© 2022 The Markets Café - All rights reserved.

No Result
View All Result
  • News
  • Politics
  • Markets
    • Stocks
    • Futures
    • Commodities
  • Crypto
    • News
    • Markets
    • NFT
    • DeFi
    • Explained
  • Economy
  • Finance
  • Investing
  • Forex
  • Real Estate
  • Tech
  • Videos
  • Community
  • Charts

© 2022 The Markets Café - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.