Fed's Kashkari: Further modest rate cuts appear appropriate
Source Fxstreet
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said on Monday that the monetary policy is still in a restrictive stance, adding further "modest" rate cuts could be appropriate, per Reuters.
Key takeaways
"One of Fed's most important assets is credibility."
"Economy is in final stages of getting inflation back to 2%."
"It's unclear how restrictive monetary policy is."
"The job market remains strong."
"Recent jobs data shows labor market isn't weakening quickly."
"Future path of monetary policy to be driven by data, economy's performance."
Market reaction
The US Dollar (USD) preserves its strength following these comments. At the time of press, the USD Index was up 0.3% on the day at 103.24.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Yen Exchange Rate’s Shock Jump. Dropping 200 Pips Near 160 Level, BOJ’s Inaction Hides a Mystery, Buy the Dip or Seek Safety?The 'rollercoaster' Yen has once again become the focus of the foreign exchange market! On January 23, USD/JPY experienced a series of 'rollercoaster' short-term movements, plunging nearl
The 'rollercoaster' Yen has once again become the focus of the foreign exchange market! On January 23, USD/JPY experienced a series of 'rollercoaster' short-term movements, plunging nearl
The AUD/JPY cross retreats nearly 130 pips from the highest level since July 2024, around the 109.00 mark touched earlier this Friday, though the pullback lacks follow-through.
Where crypto market structure bill stands nowThe digital assets market stands still while US lawmakers are moving closer to a committee vote on a crypto structure bill. However, reports suggest that there are deep political divisions that still remain, and bipartisan support looks uncertain. The industry leaders have also shared their separate views on the bill. On one hand, Brian Armstrong, […]
The digital assets market stands still while US lawmakers are moving closer to a committee vote on a crypto structure bill. However, reports suggest that there are deep political divisions that still remain, and bipartisan support looks uncertain. The industry leaders have also shared their separate views on the bill. On one hand, Brian Armstrong, […]
Top 3 Price Forecast: BTC Shows Early Stabilization; ETH and XRP Still Look HeavyBTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.
BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.
Bitcoin's two-year-plus long-term holders set a new record in sales during 2024 and 2025, differentiating this bull market from previous ones and signaling a potential shift in investor strategy.
