© Reuters.
Yingwei Financial Investments – Fed official Neel Kashkari said Wednesday that the central bank could suspend rate hikes next year if policymakers see signs of slowing core inflation.
Kashkari sees inflation stabilizing in the coming months, in both the core and services sectors, before the Fed can suspend rate hikes in the next year.
Kashkari believes that the risk of doing too little to curb inflation outweighs the risk of the Fed overreacting to inflation. “In my opinion, not dealing with inflation is unacceptable.”
Last week, US Department of Labor data showed core inflation in the US climbed to 6.6% in September, a 40-year high.
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