Fed's Kashkari: Most important data today is the 4% unemployment rate
Source Fxstreet
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that he would move towards supporting further rate cuts if they see good inflation data and the labor market stays strong, as reported by Reuters.
Key takeaways
"10-year yield rise even as fed cut rates looks mostly about real rates, with uncertainty about where neutral rate is."
"Could also be from fiscal deficits."
"Fed will get inflation back down."
"Most important data today is the 4% unemployment rate."
"It's still a good labor market."
"Economy is strong, businesses optimistic."
"We are in a good place to sit here until we get more information on administration's policies."
"Inflation is coming down."
"We have a lot of confidence that housing inflation will help bring inflation down."
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