Weak CPI data another reason to pause rate hikes: Fed's Kashkari
Tweet
Share
E-mail
FILE PHOTO - Minneapolis Fed President Neel Kashkari speaks during an interview at Reuters in New York, U.S. on February 17, 2016. REUTERS/Brendan McDermid/File Photo
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
(Reuters) - Fresh data showing U.S. consumer prices rose only slightly in July is yet another reason for the Federal Reserve to pause interest rate hikes until it is clear that inflation will rebound, Minneapolis Fed President Neel Kashkari said on Friday.
"The CPI came in today .. and again it came in low," Kashkari, the sole dissenter against Fed rate hikes this year, told a community bankers' forum. "We have the luxury of waiting to see what actually happens ... before we decide where to go with monetary policy."
(Reporting by Jonathan Spicer; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Powell Says Crypto is Speculative Vehicles Like Gold
- Dollar steady as strong data offsets lower yields
- Fed's Harker says central bank will 'hold steady' for now
Create E-mail Alert Related Categories
Fed, Forex, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
