Federal Reserve official Neel Kashkari said inflation remains a concern even though the latest data came in below expectations. He said price growth is still troubling, with inflation running at about 3%.
Kashkari also said he expects one additional rate hike this year and another in 2027. In the same remarks, he added that further Federal Reserve tightening may not have much impact on investment by hyperscale cloud computing companies.
The comments point to a policy view that inflation is still not fully under control despite softer recent readings. They also suggest Kashkari does not see higher rates as a major obstacle for spending by the largest cloud infrastructure players.
Federal Reserve official Neel Kashkari said inflation remains a concern even though the latest data came in below expectations, according to ChainCatcher. He said price increases are still troubling, with inflation running at about 3%.
Kashkari said he expects one more rate hike this year and another in 2027. He also said additional Federal Reserve rate increases may not have much impact on investment by hyperscale cloud computing companies.
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