Kashkari: Does not support last month's rate cut, remains cautious about the December decision

According to ChainCatcher, citing Golden Ten Data, Minneapolis Federal Reserve President Kashkari stated that he did not support the Fed's last rate cut decision, but remains cautious about the best course of action for the December meeting. He pointed out that the fundamental resilience of economic activity is stronger than expected and believes the Fed should pause rate cuts at the October meeting. Regarding the upcoming December rate decision, he said there are reasons to either cut rates or keep them unchanged based on the data.