Kashkari: I Don't Know How High Rates Must Go — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Neel Kashkari said he doesn't know how high interest rates must go to address inflation, even as PCE data came in lower than expected.
- Kashkari argued that soft PCE data won't deter the Federal Reserve from continuing to raise rates, emphasizing that inflation remains 'still too high' and that the central bank must lower inflation pressures.
Why it matters: Kashkari's uncertainty about the rate ceiling signals the Fed has no predefined stopping point, meaning borrowers and markets should expect continued tightening until inflation demonstrably cools — with the latest PCE print, though softer, deemed insufficient to pause the hiking cycle.
Ask SkimNews
