In an interview with Fox Business Network, Minneapolis Federal Reserve President Neel Kashkari reiterated his dovish stance by saying that the current posture of pausing on rates “makes a lot of sense.”
Key quotes (via Reuters)
- Looking at wage growth, GDP growth, consumer spending as key data points.
- Surprised that yield curve has started to invert.
- Wage gains signal consumer spending should be stronger in future.
- It’s too soon to judge whether should raise rates next year.
- Wage growth is still not signalling inflation above 2%.
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