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Minneapolis Fed’s Kashkari Expects a Rate Hike This Year

Minneapolis Fed’s Kashkari Expects a Rate Hike This Year

Minneapolis Fed President Neel Kashkari said he anticipates an interest rate hike later this year as the economy copes with persistent inflation pressures. His comments signal a tighter policy stance if price gains do not cool sufficiently.

Original headline

Minneapolis Fed President Neel Kashkari says he expects a rate hike this year