Lates News

Federal Reserve's Kashkari said that although the latest data showed inflation below economists' expectations, rising prices remain concerning. Kashkari said: "The inflation rate is still too high. There are many different ways to measure inflation, but it is currently holding at around 3%. Inflation has been at elevated levels for more than 5 years. I think the latest inflation data released has not significantly changed this situation." Kashkari also said that other economic data released on Wednesday, including consumer spending and gross domestic product data, showed that the U.S. economy is "resilient." Regarding interest rates, Kashkari said frankly: "My expectation is one more rate hike this year and another in 2027. Fed rate hikes may not have much impact on investment by hyperscale cloud computing companies. The recent rise in bond yields is a global phenomenon."