{"id":100944,"date":"2024-05-07T19:51:00","date_gmt":"2024-05-07T15:51:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100944"},"modified":"2024-05-07T23:21:28","modified_gmt":"2024-05-07T19:21:28","slug":"feds-kashkari-suggests-feds-higher-for-longer-rates-could-remain-in-place","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-kashkari-suggests-feds-higher-for-longer-rates-could-remain-in-place\/05\/07\/market-updates\/","title":{"rendered":"Fed&#8217;s Kashkari: Rates will be higher for longer"},"content":{"rendered":"\n<p>President of the Federal Reserve (Fed) in Minneapolis, Neel Kashkari, made headlines on Tuesday for the second time in a row as he discussed the Fed&#8217;s outlook for inflation and interest rates for the remainder of the year.<br><br>Kashkari would need to see multiple readings on inflation to be confident enough to cut rates. Kashkari also put down 2 rate cuts in 2024 in March, it&#8217;s possible it will stay at 2, or go to 1 or even 0 rate cuts for the June SEP.<br>The US economy is in a good place.<br><br><strong>Key Quotes<br><\/strong> <br>If disinflation returns, or we see marked weakening in the job market, that might lead to rate cuts.<br><br>Most likely scenario is rates stay put for an extended period.<br><br>Raising rates is not the most likely, but it can&#8217;t be ruled out.<br><br>If we see a marked labor weakening, it could spur a cut.<br><br>Friday&#8217;s jobs report was softer than expected, but not actually soft.<br><br>New lease rates seem to have ticked up, and that&#8217;s a little concerning.<br><br>If inflation becomes embedded, we might hike if needed.<br><br>It looks like we will go sideways for a while.<br><br>We need to be more patient.<br><br>Keeping rates where they are for longer than the public expects is much more likely than raising rates.<br><br>Too soon to declare inflation progress stalled out.<br><br>If Fed needs to hold rates for an extended period, or raise rates, we will do that.<br><br>Rate cut this year is still a possibility.<br><br>If inflation moves sideways and labor market remains strong, we should not to anything on rates.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President of the Federal Reserve (Fed) in Minneapolis, Neel Kashkari, made headlines on Tuesday for the second time in a row as he discussed the Fed&#8217;s outlook for inflation and interest rates for the remainder of the year.Kashkari would need to see multiple readings on inflation to be confident enough to cut rates. Kashkari also &hellip;<\/p>\n","protected":false},"author":13,"featured_media":55407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,6987,7517,9338],"class_list":["post-100944","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-inflation","tag-interest-rates","tag-neel-kashkari"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100944"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100944\/revisions"}],"predecessor-version":[{"id":100959,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100944\/revisions\/100959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/55407"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}