Neel Kashkari, a member of the Federal Reserve, made optimistic statements about the US economy and hinted at a potential interest rate cut in the near future. During an appearance on CBS’s Face the Nation program, Kashkari discussed the current state of the economy, mentioning that the Fed is looking for more evidence to confirm a positive outlook on inflation reaching 2%. He highlighted that the US economy is showing strength compared to other countries that have already lowered their interest rates and praised the robust performance of the labor market.
Interestingly, Kashkari suggested that a rate cut could be expected in December, emphasizing that the Fed is well-positioned to carefully assess the situation and gather additional data before making any decisions on interest rates. He mentioned that the median forecast points towards a rate cut towards the end of the year, aligning with his previous remarks on a potential cut in December.
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