War Creates Uncertainty for Rate Path Says Fed's Kashkari (Full Panel)
Market Intelligence Analysis
AI-PoweredFed's Neel Kashkari expresses uncertainty about interest-rate cuts due to geopolitical events, specifically the conflict in Iran, and emphasizes the need for more data to assess inflation.
Market impact analysis based on bearish sentiment with 75% confidence.
Article Context
Federal Reserve Bank of Minneapolis President Neel Kashkari, who had penciled in one interest-rate cut this year, said the attacks on Iran make him less certain about that. “Now, with the geopolitical events, we need to get a lot more data in,” Kashkari said Tuesday at the Bloomberg Invest conference in New York. Kashkari added that the key question right now for inflation is how persistent higher energy prices are. The price of oil surged Monday and Tuesday after the US and Israel attacked Iran and signaled the conflict could last for weeks. (Source: Bloomberg)
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