Fed's Kashkari: Balance of risks has tilted toward higher unemployment
Source Fxstreet
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Monday that the overall balance of risks has tilted slightly into labor headwinds, with progress on inflation continuing.
Key highlights
The balance of risks have shifted away from higher inflation towards maybe higher unemployment.
Overall the US economy is resilient.
The labor market still looks strong, we want to keep it that way.
I am not seeing signs of resurgent inflation.
Reduction in new rents inflation gives us confidence that housing inflation will come down over the next 12-24 months.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on August 26, WTI crude oil (USOIL) prices extended yesterday's decline, dropping to an intraday low of $80.26 and approaching the $80 threshold at one point, down
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday.
The U.S. will release the U.S. July Personal Consumption Expenditures (PCE) Price Index on Wednesday, August 26, Eastern Time. As a key inflation indicator closely watched by the Federal
Ethereum (ETH) treasury company BitMine Immersion Technologies (BMNR) expanded its digital asset holdings last week with another round of acquisitions.
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
