Posted 4/4/2024, 9:11:12 PM
Kashkari: No Rate Cuts This Year if Inflation Stays High; Markets Drop on Hawkish Fed Tone
- Kashkari said no rate cuts this year if inflation doesn't fall; markets sold off Thursday afternoon
- Strategist thinks Kashkari comments are overrated as a catalyst for selling
- Still sees 50/50 odds for a June rate cut if inflation moderates as expected
- Watching core PCE ex-services inflation closely, showed signs of peaking
- Also monitoring job growth in cyclical sectors and household unemployment rates in jobs data