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Fed's Kashkari: Called for 50 bps interest rate cut at this week's Fed meeting

2019-06-21 22:05

Minneapolis Fed President Neel Kashkari recently crossed the wires announcing that he called for a 50 basis points interest rate cut at this week's Fed meeting. "Aggressive action needed to re-anchor inflation expectations," Kashkari argued and added: "Fed should commit to not raising rates until inflation is sustainably at 2%."

The US Dollar Index, which came under a modest pressure following the disappointing PMI data releases earlier in the session, struggles to recover and was last seen down 0.12% on the day at 96.50.

This article is published only for general use basic informatory purposes and should not be considered or depended on as a financial or investment advice. Investors should make sure that they understand the risks and seek independent financial advice at all times. CFDS ARE COMPLEX INSTRUMENTS AND COME WITH A HIGH RISK OF LOSING MONEY RAPIDLY DUE TO LEVERAGE.

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