Fed's Kashkari Signals Prolonged Wait for Rate Cuts Amid Inflation Concerns

Minneapolis Federal Reserve President Neel Kashkari emphasized the need for "many more months" of positive inflation data before considering interest rate cuts, suggesting that rate hikes are still possible if inflation does not decrease further. Despite not being a voting member this year, Kashkari's views contribute to the ongoing discussions among policymakers, who recently decided to hold rates steady but remain open to future adjustments based on inflation trends.