Fed's Kashkari: There is a risk interest rates might have to go higher

Market news

27 September 2023

Fed's Kashkari: There is a risk interest rates might have to go higher

In an interview with CNN on Wednesday, Minneapolis Federal Reserve Bank President Neel Kashkari said that there was a risk interest rates might have to go higher but added that it was hard to know, as reported by Reuters.

Kashkari said that they do not want to see a US government shutdown and reiterated that they are committed to bring inflation to 2% target.

Market reaction

These comments don't seem to be having a significant impact on the US Dollar's performance against its rivals. As of writing, the US Dollar Index was up 0.15% on the day at 106.33.

United States MBA Mortgage Applications: -1.3% (September 22) vs previous 5.4%

EUR/CZK to drift slightly lower over the coming year – Commerzbank

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.