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Kashkari on (higher) Fed rates: unlikely but “I don’t want to take anything off the table”
![Kashkari on (higher) Fed rates: unlikely but “I don’t want to take anything off the table” Kashkari on (higher) Fed rates: unlikely but “I don’t want to take anything off the table”](https://i3.wp.com/images.forexlive.com/images/kashkari%20interest%20rate%20hike%2029%20May%202024_id_85636f4d-d41d-4661-8088-3980ecd8882a_size975.jpg?w=975&resize=975,1693&ssl=1)
Minneapolis Federal Reserve Bank President Neel Kashkari caused a stir Tuesday.
Fed cachekari: there is no rush to lower interest rates
Fed Cachekari: Wage growth remains fairly robust relative to 2% target
What K actually said was a topic of discussion, Adam clarified the relevant point in a tweet, so I thought I’d share it:
The fact that K felt he had to say something about it is significant, but overall it’s a low-key comment.
With USD/JPY back above 157.00, I imagine there is a lot of gnashing of teeth this morning in Japan. Expect at least some verbal intervention today.
This article was written by Eamonn Sheridan at www.forexlive.com.
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