{"id":69543,"date":"2022-08-04T01:20:48","date_gmt":"2022-08-03T21:20:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69543"},"modified":"2022-08-04T01:20:50","modified_gmt":"2022-08-03T21:20:50","slug":"feds-kashkari-2023-rate-cuts-very-unlikely","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-kashkari-2023-rate-cuts-very-unlikely\/08\/04\/market-updates\/","title":{"rendered":"Fed&#8217;s Kashkari: 2023 rate cuts very unlikely"},"content":{"rendered":"\n<p>Fed\u2019s Neel Kashkari has said that the Fed moved too slowly in 2021 in tackling high inflation. He also added that US wages are climbing and there is a risk that this goes into a wage-driven inflation story and that the US central bank is laser-focused on getting inflation down.<br><br>Kashkari said concerning inflation is spreading and the Fed need to act with urgency. &#8221;It is likely we raise rates and sit there, as 2023 rate cuts are a very unlikely scenario. He believes a soft landing is possible but he does not know how likely. <br><br>The US dollar has been changing hands between bulls and bears on Wednesday but held on to most of the previous day&#8217;s gains over worries related to China and Us relations and Fed officials&#8217; hints at aggressive rate hikes.<br><br><strong>Key Quotes<br><\/strong><br>Inflation is dragging wages up rather than the other way around.<br><br>Fed moved too slowly in 2021 in tackling high inflation.<br><br>Wages are climbing; risk this goes to a wage-driven inflation story.<br><br>Concerning inflation is spreading; we need to act with urgency.<br><br>We are laser-focused on getting inflation down. <br><br>Very unlikely scenario Fed will cut rates next year.  <br><br>More likely scenario is we raise rates and then sit there.<br><br>I am not sure what markets are looking at. <br><br>Where will eventually be a tradeoff between employment and inflation.<br><br>Best data we have says inflation expectations are still anchored.<br><br>Will probably take several years to get inflation back to 2%.<br><br>In a supply-constrained world we still need to get inflation down to 2%.<br><br>US dollar remains in bullish territory<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed\u2019s Neel Kashkari has said that the Fed moved too slowly in 2021 in tackling high inflation. He also added that US wages are climbing and there is a risk that this goes into a wage-driven inflation story and that the US central bank is laser-focused on getting inflation down.Kashkari said concerning inflation is spreading &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53024,"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":[6885,6871],"class_list":["post-69543","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69543","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=69543"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69543\/revisions"}],"predecessor-version":[{"id":69551,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69543\/revisions\/69551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53024"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}