Fed's Kashkari: Appropriate to debate about potentially cutting rates in September
FXStreetAug 19, 2024 10:25 AM
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari told the Wall Street Journal on Monday that a debate about potentially cutting the policy rate in September is an appropriate one to have, pre Reuters.
"The balance of risks has shifted more towards labor market and away from inflation side of our dual mandate," Kashkari added and noted that inflation is making progress while the labor market is showing some concerning signs.
Market reaction
These comments don't seem to be having a significant impact on the US Dollar's (USD) valuation. At the time of press, the USD index was down 0.15% on the day at 102.25.
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
What to Expect From Meta Q2 Earnings: AI Push, Ad Strength — But Can Profitability Hold?
TradingKey - Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, will release its Q2 2025 earnings after the U.S. market close on Wednesday, July 30. After nine consecutive quarters of beating expectations, analysts expect another strong performance — driven by AI-poweredTradingKey
13 hours ago
Meta 2Q25 Earnings Preview
Meta currently trades at just 27x PE as its current state of ad business is solid. However, investors want to see whether the large spending on both infrastructure and talent actually moves the needle for the AI initiatives.TradingKey
18 hours ago
Stablecoins: Overview and Their Influence on U.S. Equity and Treasury Markets
TradingKey - The U.S. government endorses stablecoins with three primary goals. First, to reinforce the dollar's dominance: as most stablecoins are tied to the dollar, they significantly bolster its global standing.TradingKey
23 hours ago
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,TradingKey
Wed, Jul 23
Tradingkey
