Upside surprise in inflation could push Fed to pause in December: Fed's Kashkari
Investing.com -- A upside surprise in inflation in weeks leading up to the Federal Reserve's December meeting, could encourage the central bank to pause rate cuts, Minneapolis Federal Reserve Bank President Neel Kashkari said Tuesday..
Headline consumer inflation is expected to have picked up pace in October, with economists forecasting a pace of 2.6% up from 2.4% a month earlier. Kashkari also said that the Fed would be in wait and see mode until there was more insight into President-elect Donald Trump's policy agenda. Ultimately, Kashikari continues to beleive that the incoming data would continue to play a leading role on how deep the Fed cuts rates.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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