The Latest Breaking News from Neel Kashkari

Another Fed Official Says More Rate Hikes are Needed to Tame Inflation

"The hikes do not need to come at consecutive meetings," Christopher Waller noted.

International Business Times · 2h ago

Fed minutes show some officials want to prepare for market stress

Federal Reserve officials noted the importance of preparing for potential bond market stress and adjusting their balance sheet. They expressed concerns over rising Treasury yields and its implications for the market. The Fed is not considering intervention unless policy transmission is threatened, according to their recent meeting minutes. Minneapolis Fed…

The Economic Times · 13h ago

Bond Yields Kept Climbing And Fed Minutes Showed Another Rate Hike This Year. Stocks Dropped.

"Most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end," reads a passage of the Fed's minutes from the September meeting.

International Business Times · 20h ago

Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead

Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend on analyzing economic data trends and risks. Minneapolis Fed President Neel Kashkari expressed uncertainty regarding the timing of the next rate hike amidst strong economic…

The Economic Times · Oct 1

Dollar Rallies on Higher T-note Yields and US Economic Strength

The dollar index (DXY00 ) rallied to a near 1.5-year high today, up +0.34%. Soaring T-note yields are strengthening the dollar’s interest rate differentials after the 10-year T-note yield rose to a 24-year high of 5.34% today. Also, signs of strength in the US labor market are hawkish for Fed...

Barchart · Oct 1

The Global Bond Sell-Off Continues. The U.S.'s Benchmark Note Hit Its Highest Level in Decades.

The 10-year Treasury yield topped a level last seen in April 2022.

International Business Times · Oct 1

The Fed's Preferred Inflation Gauge Was Cooler Than Expected. But One Of Its Member Warned It's Still To High.

"I didn't think the inflation data today really changed that story for me very much," Neel Kashkari said about the latest personal consumption expenditures price index.

International Business Times · Oct 1

US Market: Fed's Kashkari says US inflation still too high despite rate hike

Minneapolis Fed President Neel Kashkari said US inflation remains too high and is broad-based, extending beyond recent energy price increases, with persistent pressures across services and other parts of the economy. His comments highlight the challenge of bringing inflation back to the Fed’s 2% target.

The Economic Times · Sep 21

Iran-US war latest: Tehran-backed Houthis move to seize Yemen highlands as Trump ‘calls off strikes’

The US president said choices include “wiping them out, letting Iran rot economically, or making a deal”

The Independent UK · Sep 21

Stocks Set to Open Lower as Chipmakers Get Hit, Nvidia Earnings and Warsh’s Jackson Hole Speech Awaited

September S&P 500 E-Mini futures (ESU26) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.59% this morning, pointing to a lower open on Wall Street as chipmakers came under pressure at the start of a pivotal week.

Barchart · Aug 24