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
Insights – On November 21, Chinese e-commerce giant Pinduoduo (PDD) will release its Q3 2024 earnings.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Bitcoin’s two-year rolling MVRV z-score has dropped to its lowest level ever, pointing to extreme undervaluation.
WTI rises as Trump's threats strikes on IranWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $79.20 per barrel during the Asian hours on Wednesday. Crude oil prices have climbed following threats from US President Donald Trump regarding additional military strikes on Iran.
As of the Asian session on July 17, gold prices ( XAUUSD ) fluctuated around $4,000. However, it is worth noting that gold closed at $3,969.41 yesterday, confirming a break below the $4,0
