The Fed Says Inflation Is Too High Everywhere — Oil Is No Longer a Sufficient Excuse
Neel Kashkari backed the latest quarter-point rate increase and argued that core pressure remains excessive, keeping another hike alive even if energy shocks fade.
What changed, why it matters, and what most people may be overlooking.
Neel Kashkari backed the latest quarter-point rate increase and argued that core pressure remains excessive, keeping another hike alive even if energy shocks fade.
The Federal Reserve lifted its target range to 3.75%–4.00%, and 16 of 18 policymakers expect at least one more increase; markets now face an inflation fight extending well beyond one meeting.