Neel Kashkari

Wall Street is in the green on Friday, showing gains across major U.S. equity indices following significant losses on Thursday. Notably, the technology sector is leading the way, capitalizing on a retreat in Treasury yields. This positive momentum is occurring despite hawkish comments from Federal...

The U.S. economy continues to demonstrate resilience. That’s according to Federal Reserve Bank of Minneapolis President Neel Kashkari. What Happened: Kashkari aligns with the Fed’s economists’ outlook that the horizon is clear of an impending recession. Despite the ongoing...

The stock market is celebrating Wednesday after annual consumer inflation fell to 3% in June, a full percentage point lower than May’s 4% reading and below estimates of 3.1%. The annual rate of inflation has now dropped for 12 months in a row, reaching its lowest point since March 2021. The...

Debt ceiling stalemate was the main topic of discussion over the weekend, especially as the talks between the Biden administration's negotiators and the House Republicans paused on Friday. Here’s a recap of a few major headlines that hit the wire over the weekend: 1. Biden Talks Tough On Debt...

Minneapolis Fed President Neel Kashkari, a member of the Federal Open Market Committee, the monetary policy setting arm of the central bank, hinted at favoring a pause on a rate hike at the upcoming June meeting. What Happened: “I’m open to the idea that we can move a bit more slowly...

Federal Reserve Bank of Minneapolis President Neel Kashkari reportedly said the banking system is resilient with a strong capital position, a lot of liquidity, and the full support of regulators but indicated it’s unclear how much of an impact the stresses are going to have on the economy....

Unemployment claims dropped for the second week in a row, according to data released Thursday by the Labor Department. "The odds of a sudden drop-off in U.S. economic activity have lessened," said Bill Adams, chief economist for Comerica Bank. The positive jobs data adds certainty to the prospect...

Federal Reserve officials are continuing with their hawkish tones amidst strong economic data releases and have cautioned interest rates may increase further and continue to stay at higher levels into next year. Atlanta Fed President Raphael Bostic wrote in an essay that interest rates would need...

Allianz chief economic adviser and noted economist Mohamed El-Erian has said the tone of Federal Reserve officials in their recent commentary indicates there may be a coordinated attempt by central bankers to ensure markets' understanding of Chair Jerome Powell's statements. Federal Reserve Chair...

Top Federal Reserve officials shared public remarks on Wednesday on the heels of President Joe Biden's second State of the Union Address and a press conference by Fed Chair Jerome Powell. Neel Kashkari, president of the Minneapolis Federal Reserve, went on CNBC Live to comment on the surprisingly...

Trading in the index futures points to a nervous start by Wall Street on Wednesday, reflecting the skittish mood of the market. Earnings could drive sentiment, given the lack of any first-tier economic event/data. Cues From Tuesday’s Trading: Fed Chair Jerome Powell turned out to be the...

Ahead of the market open on Tuesday, a Fed official warned that the war against inflation is far from over. What Happened: The strong January payrolls report showed that the central bank has more work to do in its fight against inflation, said Minneapolis Fed President Neel Kashkari in an...

Ross Gerber, the co-founder of Gerber Kawasaki Wealth and Investment Management and a prominent Tesla Inc. (NASDAQ: TSLA) bull, believes any change in the U.S. Federal Reserve’s monetary policy will lead to a stock rally. What Happened: Gerber...

Just two weeks before the U.S. Federal Reserve announces its policy decision, Minneapolis Fed President Neel Kashkari has reportedly voiced his hawkish stance, saying pausing the rate hike campaign won’t make sense if inflation is still rising. The Federal Reserve can’t suspend its...