Fed's Kashkari: Now unclear what the future path of monetary policy would be since Iran war
Minneapolis Federal Reserve (Fed) Bank President Neel Kashkari said that it’s unclear what the future path of monetary policy would be since Iran war.
Key quotes
Iran war is clouding inflation outlook.
Now unclear what the future path of monetary policy would be since Iran war.
Premature to conclude we need to be raising rates right away after April PCE inflation data.
Still makes me further pay attention to inflation risk.
Market reaction
As of writing, the US Dollar Index (DXY) trades 0.02% higher to near 99.05.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP risks drop to $0.90 as analyst Diana warns of Wave 2 correction
Alphabet (GOOGL.US) Launches Roadshow for HKD and SGD Bond Issuance; May Become a "Touchstone" for Investor Confidence Amid AI Market Volatility
Alphabet (GOOGL.US) has launched the roadshow for its first Hong Kong dollar and Singapore dollar bond issuance, aiming to test investor subscription interest as companies focused on artificial intelligence (AI) face increased market volatility.
Euro finds temporary support near 1.1066 against US Dollar, outlook remains uncertain
Strategy (MSTR.US) officially removed from the MSCI index—what does this mean for crypto-related stocks?
Strategy has been officially removed from the MSCI index, with passive funds facing exit pressure. Crypto-related stocks are experiencing "significant" selling pressure.
Crypto prices
More
