{"id":69939,"date":"2022-08-10T22:44:16","date_gmt":"2022-08-10T18:44:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=69939"},"modified":"2022-08-10T22:46:11","modified_gmt":"2022-08-10T18:46:11","slug":"feds-kashkari-far-far-far-away-from-claiming-victory-on-inflation","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-kashkari-far-far-far-away-from-claiming-victory-on-inflation\/08\/10\/market-updates\/","title":{"rendered":"Fed&#8217;s Kashkari: Far, far, far away from claiming victory on inflation"},"content":{"rendered":"\n<p>Fed\u2019s Neel Kashkari said while he is happier to see inflation surprised to the downside, the Fed is far far far away from declaring victory on inflation. He added that &#8221;this doesn&#8217;t change my rate hike path&#8221;, and he is expecting 3.9% end of this year 4.4% end of next year.<br><br>He said &#8221;we may be in a recession in the near future and the risk of a recession would not deter him from doing what is needed, getting inflation down to 2%. <br><br>The idea of rate cutting next year is not realistic. He said the Fed will raise rates and leave until inflation is well on its way to 2%. Kashkari is speaking following today&#8217;s decline in July inflation data. <br><br>Prices rose 8.5% on an annualized basis in July, a slower pace than the 9.1% rise reported in June and below analysts&#8217; consensus expectations for an 8.7% rise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed\u2019s Neel Kashkari said while he is happier to see inflation surprised to the downside, the Fed is far far far away from declaring victory on inflation. He added that &#8221;this doesn&#8217;t change my rate hike path&#8221;, and he is expecting 3.9% end of this year 4.4% end of next year.He said &#8221;we may be &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54474,"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":[6978,8291,9338,6871],"class_list":["post-69939","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-cpi","tag-inflation-data","tag-neel-kashkari","tag-usd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69939","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=69939"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69939\/revisions"}],"predecessor-version":[{"id":69945,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/69939\/revisions\/69945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54474"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=69939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=69939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=69939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}