Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has indicated that it is time to raise interest rates, marking a shift in the Federal Reserve’s monetary policy approach. This statement comes amid ongoing discussions about the best way to manage inflation and economic growth. Market pricing reflects an increased probability of rate hikes in 2026, with decreased chances of a pause in Fed decisions between June and September. Upcoming statements from Fed officials, including Jerome Powell and John Williams, as well as FOMC meetings, will be crucial in determining the future trajectory of interest rates.
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