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June 25, 2026
Minneapolis Fed President Neel Kashkari Expects Interest Rate Hike This Year
- Minneapolis Fed President Neel Kashkari now anticipates one interest rate hike this year, a change from his earlier expectation of a rate cut.
- Core inflation remains at 3.4%, the highest since October 2023, as inflation pressures persist due to various economic factors.
- Kashkari cites supply dynamics and geopolitical tensions, particularly in the Middle East, as contributing to ongoing inflation challenges.
4 Sources
- Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge showsJun 25, 2026 at 12:56 PM · CNBC
- Americans are still shopping, despite climbing energy costsJun 25, 2026 at 4:00 PM · Axios
- Chicago Fed President Goolsbee says inflation is too high, calls Warsh 'a serious guy'Jun 25, 2026 at 7:04 PM · CNBC
- Minneapolis Fed President Neel Kashkari says he expects a rate hike this yearJun 26, 2026 at 4:01 PM · CNBC