{"id":108161,"date":"2024-11-12T19:23:00","date_gmt":"2024-11-12T15:23:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=108161"},"modified":"2024-11-13T05:17:03","modified_gmt":"2024-11-13T01:17:03","slug":"feds-kashkari-cant-declare-victory-on-inflation-but-have-reasons-to-be-confident","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-kashkari-cant-declare-victory-on-inflation-but-have-reasons-to-be-confident\/11\/12\/market-updates\/","title":{"rendered":"Fed&#8217;s Kashkari: Can&#8217;t declare victory on inflation, but have reasons to be confident"},"content":{"rendered":"\n<p>Federal Reserve Bank of Minneapolis President Neel Kashkari noted on Tuesday that while the Fed has many reasons to feel confident about its long-running battle with transitory inflation, it still may be too soon to declare outright victory. Key US Consumer Price Index (CPI) figures expected in the midweek are anticipated to show a slight upswing in annualized headline inflation figures.<br><br><strong>Key Quotes<br><\/strong><br>I continue to be surprised by US economic resilience.<br><br>It looks like the strong labor market and the strong economy will continue.<br><br>The Fed won&#8217;t model Trump policies&#8217; effect on economy until they become clear.<br><br>The tariff is a one-time increase in prices, that&#8217;s not inflationary in itself.<br><br>I don&#8217;t want to declare victory on inflation, but good reason for confidence.<br><br>It may take a year or two to get all the way down to 2% inflation given dynamics in housing.<br><br>The robust labor market is encouraging and the economy looks in strong position.<br><br>If inflation surprises to upside before December, that might give us pause.<br><br>In a higher productivity environment, neutral rate is higher, meaning the Fed has less room to cut.<br><br>We are modestly restrictive.<br><br>The bar of stopping the Fed balance sheet runoff is quite high.<br><br>The Fed has a ways to go before it stops shrinking its balance sheet.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve Bank of Minneapolis President Neel Kashkari noted on Tuesday that while the Fed has many reasons to feel confident about its long-running battle with transitory inflation, it still may be too soon to declare outright victory. Key US Consumer Price Index (CPI) figures expected in the midweek are anticipated to show a slight &hellip;<\/p>\n","protected":false},"author":13,"featured_media":77037,"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":[37,39,36],"tags":[10915,6885,6987,8653],"class_list":["post-108161","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-global-stock-markets","category-market-updates","tag-donald-trump","tag-fed","tag-inflation","tag-kashkari"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108161","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=108161"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108161\/revisions"}],"predecessor-version":[{"id":108168,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/108161\/revisions\/108168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/77037"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=108161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=108161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=108161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}