According to BlockBeats, on June 16, Neel Kashkari, a member of the US Federal Reserve, stated that more evidence is needed to show that inflation is cooling down. He suggested that a rate cut might be considered by the end of the year.

Kashkari's comments come amid ongoing discussions about the state of the US economy and the potential need for adjustments to the Federal Reserve's monetary policy. The possibility of a rate cut by the end of the year indicates that the Federal Reserve is closely monitoring economic indicators and is prepared to take action if necessary.

However, Kashkari emphasized that more evidence is needed to confirm that inflation is indeed slowing down. This suggests that any decisions regarding a rate cut will be data-driven and will depend on the economic trends observed in the coming months.