© Reuters
Investing.com – Minneapolis Federal Reserve Chairman Neel Kashkari said Tuesday that he will likely have to raise interest rates to 5.4%. at least In order to tame with January’s showing that the measures did little to affect the labor market.
“I think it surprised us all,” Kashkari said in an interview with CNBC, referring to the explosive jobs report for January in which the US government reported more than half a million jobs.
He continued: “No one should overreact to one report, but the underlying strength of the services sector in the economy is still very strong. And this is where I think a lot of us focus our attention.” It is the appropriate interest target If I had to choose today’s number, that would be the most appropriate.”
It is noteworthy that 5.4% indicates the possibility of the Federal Reserve interest rate entering this year to 5.75%, which is 100 points higher than what is currently achieved.
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markets now
And the movement in the markets calms down today in anticipation of the expected word of the Federal Reserve, and futures contracts are now trading at $ 1882.95, up by 0.18%, while spot contracts rose by 0.15%, to record $ 1870.61. While it settles at $22.258 an ounce, without significant movement in the current session.
As for the US dollar, it rose by 0.32% to 103.588 against a basket of foreign currencies, on top of which declined by 0.24% against the US dollar, recording 1.0706 euros per dollar.
The digital currency rose by 0.48%, to record $ 22,996 for the symbol, while Ethereum rose by 0.46%, to record $ 1,642.43 for the symbol.
And the movement in the US indices stabilized in pre-opening trading, as the index futures contracts rose by 0.10% only, while Jones fell by 0.08%, and the Nasdaq rose by 0.30%, to reach 12553.75 points.
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