Kashkari from the Federal Reserve: opposes October’s rate cut, adopts a cautious stance for December’s decision

On November 14, Neel Kashkari stated he does not support the October rate cut by the Fed. He remains hopeful for a favorable December meeting while noting that the economic situation has largely stayed the same.

Kashkari emphasizes uncertainty about future rate changes, recognizing some vulnerabilities in the labor market but highlighting overall resilience in many companies. He expects the Fed to reassess the situation in December and possibly hold rates steady.