CoinScoopKashkari Projects One Rate Hike Each for 2024 and 2027
Federal Reserve official Neel Kashkari stated that despite recent data showing inflation lower than expected, price increases remain a concern with inflation hovering around 3%. Kashkari expects one additional interest rate hike in both 2024 and 2027, noting that Fed rate hikes are unlikely to significantly impact investments by hyperscale cloud computing firms.
Summaries are written by AI from the original article. Not investment advice.