Breaking News: US Federal Reserve Statements on May 7 and Cryptocurrencies
Fed Member Kashkari stated that the progress in inflation seen in the second half of 2023 appears to have stalled. The real question, he said, is whether the decline in inflation will persist or simply continue for longer. He also said he questioned policy tightening in light of the inflation data and modestly raised his forecast for the neutral interest rate to 2.5% from 2%.
