Kashkari Cites Inflation Risks from Middle East War
Minneapolis Fed President Neel Kashkari stated that the central bank must focus on containing inflationary risks as energy price shocks from the Middle East persist. While markets anticipate a potential rate hike in October, Kashkari noted it is too early to predict the timing of any future policy moves.
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Minneapolis Fed President Neel Kashkari warned that the United States must prioritize containing building inflationary risks over predicting the timing of future interest rate changes. The remarks follow market shifts pricing in a potential rate hike in October. Kashkari noted that persistent energy price shocks from the conflict in Iran are now influencing global bond markets.
