Minneapolis Fed president anticipating two to three rate cuts in 2024 ...Middle East

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Minneapolis Fed president anticipating two to three rate cuts in 2024
source : The Hill ( Middle East ) () 17
Minneapolis Federal Reserve President Neel Kashkari said Wednesday that he anticipates the Fed will cut interest rates two or three times in 2024. “Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” he told CNBC’s “Squawk Box.” “But again, I don’t want to prejudge things, but that’s, that’s my gut, based on the data we have so far.” Kashkari, who is not currently a voting member of the Fed panel that makes decisions on monetary policy, noted that the labor market could impact the number and speed of rate cuts this year. “If the labor market continues to be quite strong, that would give me confidence to say, ‘Well we can dial things

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