Neel Kashkari

In a recent podcast, Neel Kashkari, the President of the Federal Reserve Bank of Minneapolis, has called for a prolonged period of unchanged interest rates. He has warned that any reduction before inflation is tamed could jeopardize the foundation of U.S. prosperity. What Happened: Kashkari, in an...

Index futures point to a slightly higher opening for the market on Tuesday after the long Memorial Day weekend. This week marks a significant change, as the settlement cycle transitions from T+2 to T+1. The Securities and Exchange Commission expects this shift to reduce risks...

U.S. stock futures were flat Wednesday morning as investors awaited a crucial report on consumer prices. The Consumer Price Index (CPI) for April is expected to significantly impact market direction due to its influence on Federal Reserve interest rates. Currently, the futures market predicts a...

Two Federal Reserve presidents, traditionally opposed in their respective stances, seem to agree on at least one matter concerning the future direction of monetary policy. Austan Goolsbee, President of the Chicago Federal Reserve, leans toward the so-called “doves.” Neel Kashkari,...

U.S. stocks are on track for a mixed start on Wednesday as the market digests mixed earnings reports and looks ahead to more speeches by Federal Reserve officials. Given the paucity of any market-moving economic data, the spotlight will likely be on central bank officials’s statements about...

The recent market recovery shows signs of a slight falter. Index futures indicate a mixed open on Tuesday. Negative reactions to earnings from AI-linked company Palantir Technologies (NYSE:PLTR) could weigh on the tech sector. Surprisingly, Walt Disney Co. (NYSE:DIS) shares fell...

Editor’s note: This story has been corrected to fix a quote from Minneapolis Fed President Neel Kashkari that was misattributed to Chicago Fed President Austan Goolsbee. The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made...

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, recently questioned Bitcoin's (CRYPTO: BTC) utility and viability. The digital asset, he says, lacks real-world use. "Has anybody... ever bought something using Bitcoin as a currency? A sandwich? A computer? A book?...

Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated Monday that the Federal Reserve’s current monetary policy might not be as tight as previously assumed, given the evolving economic conditions. Kashkari asserted that the perceived tightness of the Federal Reserve...

U.S. stocks experienced a robust rally as of midday trading Tuesday in New York, with Wall Street mirroring the positive sentiment seen in Asia and Europe. As the conflict entered its fourth day following an unexpected attack by Hamas on Israel, recent developments in the Middle East have seen the...

It’s another red session for Wall Street on Wednesday, with signs of a bearish trend becoming increasingly apparent. The drivers behind the weakening risk sentiment continue to be the rise in crude oil prices, with WTI climbing to $93 per barrel, marking over a 3% gain in the session, and the...

Following James Bullard‘s resignation in August, the former President of the St. Louis Federal Reserve, Neel Kashkari, has assumed the position of spearheading the more hawkish members on the Federal Reserve’s board. Kashkari‘s recent statements clearly have revealed his robust...

Stocks are deep in the red during midday trading on Tuesday, with September proving to be a negative month for Wall Street, as has traditionally been the case. All major indices, as well as every individual sector within the S&P 500 index, experienced declines throughout the day. The CBOE...