‘Reasonable’ to Expect December Interest Rate Cut: Fed Official

Don Ma
By Don Ma
June 17, 2024NTD Good Morning

Minneapolis Federal Reserve President Neel Kashkari said Sunday it’s a “reasonable prediction” to say that the Fed will cut interest rates once this year, though it is likely to wait until December to do so.

“We need to see more evidence to convince us that inflation is well on our way back down to 2 percent,” Kashkari said in an interview with CBS.