TechFlow news, November 14 — According to Jinshi Data, Minneapolis Fed President Kashkari said he did not support the Fed's previous rate cut decision but remains uncertain about the best course of action for the December meeting. On Thursday, he stated: "From the scattered evidence and data we've received, the underlying resilience of economic activity appears stronger than I expected. The Fed should have paused rate cuts at the October meeting. Since then, available data suggests the economic situation has 'basically remained unchanged.'"
Regarding the upcoming December rate decision, Kashkari said: "I can make a case for cutting rates based on where the data is going, and I can also make a case for holding steady—we'll have to wait and see." After the September meeting, Kashkari indicated he expected two more rate cuts in 2025.
