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Investing.com -- Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, emphasized the need to prevent long-term inflation expectations from rising during a CNBC interview today. Kashkari noted that there is no evidence to suggest that these expectations are currently on an upward trend.
Kashkari pointed out that the weakening of the dollar indicates a shift in investor preferences. He also mentioned that the economy is still a considerable distance away from the plumbing issues that were prevalent during the pandemic era.
Kashkari observed some market stress but stated that the market seems to be making necessary adjustments. He found a lot of positive aspects in the latest Consumer Price Index (CPI) data. According to him, tariffs suggest a potential increase in inflation.
Kashkari indicated his preference to concentrate on the inflation goal first. He also mentioned that he does not see any systemic risk building in the private credit sector.
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