According to BlockBeats, on May 28, Federal Reserve official Kashkari suggested that the Federal Reserve should wait for significant progress in inflation before considering a rate cut. If inflation does not further decrease, there might even be a possibility of a rate hike.
This statement indicates a cautious approach towards monetary policy, emphasizing the need for substantial improvements in inflation rates before any adjustments are made. The potential for an interest rate hike if inflation fails to decrease further underscores the Federal Reserve's commitment to maintaining economic stability.
The Federal Reserve's stance on interest rates is closely watched by investors and economists worldwide, as it can significantly impact global financial markets. The suggestion of a possible rate hike if inflation does not decrease further adds a new layer of complexity to the economic outlook, potentially influencing investment strategies and economic forecasts.
