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Fed’s Kashkari Says Only Inflation Could Derail December Cut
Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting. Asked what could cause policymakers to pause next month, he said: “There’d have to be a surprise on the inflation front to change the outlook so dramatically.” “If we saw inflation surprises to the upside between now and then, that might give us pause,” Kashkari said Tuesday at the Yahoo Finance Invest conference. “It’d be hard to imagine the labor market really heats up between now and ... (full story)