Minneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policy ...Middle East

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Minneapolis Fed Pres. Kashkari: housing market is proving more resilient to tighter policy
Minneapolis Fed Pres. Kashkari (nonvoting member) is speaking and says:Housing market is proving more resilient to tight monetary policy than it has been in the pastPossible that housing market resilience means the neutral rate has been pushed higher at least in the short terminflation progress seen in latter half of 2023 appears to have stalled, The question is whether disinflation is still underway or just taking longerThe recent slow GDP due to inventories and net exports, underlying demand remains strong.The yield curve inversion suggests that policy is indeed tight.Kashkari has been more of a hawk of late. This article was written by Greg Michalowski at www.forexlive.co

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