Minneapolis Federal Reserve Bank President Neel Kashkari, inflation under the control and the labor market is strong in the event of a strong, will be reduced to interest rates in the future, he said. In his statements, he drew attention to the current economic data and foreign policy developments.
INTEREST DISCOUNT EXPECTATIONS
Kashkari said inflation decreased to the targeted 2 %level. He argued that this situation could prepare the ground for a slight decrease in federal fund rates at the end of the year. President, additional discount requests will be dependent on the conditions, he said.
In the new job report, the unemployment rate remains at 4 %. These data show that a strong labor market is still ongoing. Kashkari adopted a cautious approach when evaluating the existing labor market.
The impact of foreign policies and the search for stability
The impact of the new policies implemented by the US President on the economy remains uncertain. More strict migration rules, tariffs and tax reductions, possible effects on inflation and growth are discussed. The President emphasized the importance of a cautious approach based on data.
Kashkari expressed the necessity of collecting more data by advising cautiously in the evaluation of the current situation. In the following statement, he summarized the status of the labor market:
“This is still a good labor market. One or two years ago, more moderate, economy is strong, businesses are optimistic. ”
At the last meeting, the FED President said that additional discounts may come up under the condition of inflation data and a strong labor market condition.
In the Krypto market, the overall market value increased slightly, while one of the classic decreases took place. These developments reveal that economic policies and global market reactions should be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
