Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Traders cut the odds of an October move to about 25% as officials said more data is needed before deciding on another hike.
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7 Articles
The Economic Times
Times of IndiaFed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend on analyzing economic data trends and risks. Minneapolis Fed President Neel Kashkari expressed uncertainty regarding the timing of the next rate hike amidst strong economic performance. Both officials acknowledged the ongoing challenges of managing inflation that exceeds the 2% …
Two of the Federal Reserve's main monetary policy makers presented unusual arguments this week for [...]
US Federal Reserve (Fed) officials signaled that they would likely hold rates steady this month, stating that policymakers "need more time" to determine whether another rate hike is necessary. The Financial Times noted that following earlier comments from New York Federal Reserve Bank President John Williams that there was no rush to raise rates, Fed Vice Chairman for Monetary Policy Philip Jefferson became another high-ranking policymaker to d…
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