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XAUUSD: President of the Minneapolis Fed Kashkari does not
According to Minneapolis Fed President Kashkari, the Fed has not finished raising interest rates.
The Fed will not be able to return to its 2% inflation target by tightening in a timely manner. In addition, worries about inflation "rising again" exist. It appears that inflation may "stable at above 2% and that makes me very concerned," according to certain salary and pricing data.
To support the conclusion regarding the future direction of interest rates, more evidence is required. "I'm not prepared to declare that interest rate increases are over."
The Fed will not be able to return to its 2% inflation target by tightening in a timely manner. In addition, worries about inflation "rising again" exist. It appears that inflation may "stable at above 2% and that makes me very concerned," according to certain salary and pricing data.
To support the conclusion regarding the future direction of interest rates, more evidence is required. "I'm not prepared to declare that interest rate increases are over."
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