Neel Kashkari of the U.S. Fed just commented on the latest NFP data from the U.S. and hinted at possible further steps by the Federal Reserve in terms of interest rates. Below you will find the banker's most important comments:
- The most likely scenario is to leave the current level of rates for an extended period of time
- The Fed will raise rates if necessary although the banker adds that such a scenario is unlikely
- If the disinflation process continues or the labor market situation worsens, then interest rate cuts will be likely
- Friday's NFP report came in weaker than expected, but still not small figures
- The increase in rental prices in the economy is somewhat worrying
- To cut rates we need to see some satisfactory inflation reports
- We will not allow the November elections to influence the Fed's decisions
- The US economy is doing well at this point
- We need to be more patient
- The Fed may have to keep rates unchanged through 2024
The banker's comments do not add anything new to the narrative being built around the Fed's decision-making, nevertheless a slightly more hawkish tone from the banker can be discerned in the background. The euro is giving back gains against the US dollar moments after 05:00 pm GMT.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال
