🚨 URGENT UPDATE: Fed’s Kashkari Expects Two Rate Cuts in 2025 🇺🇸📉
Neel Kashkari, President of the Minneapolis Fed, told CNBC that he still expects two interest rate cuts in 2025, despite ongoing economic uncertainty.
🔹 Inflation progress "encouraging but uneven"
🔹 Cuts depend on continued labor market strength
🔹 Emphasizes data-driven approach
🔹 Markets take note as Fed tone begins to soften
This statement adds weight to growing speculation of a policy pivot next year as the Fed aims for a soft landing without reigniting inflation.