© Reuters.
Yingwei Financial Investments – On Friday, Federal Reserve official Neel Kashkari said a strong US employment report could lead to further Fed rate hikes.
He said in an interview that he expects the federal funds rate to peak next year or higher than the September forecast. However, he declined to give him his predictions for the federal funds peak rate next year.
Kashkari said the data showed that hiring in the United States has been very strong in recent months. “We still have work to do to try to cool the economy and bring supply and demand into balance.”
He pointed out: “In March and April of this year, I predicted that interest rates would peak in September and eventually peak at around 4.9%. But now, I expect interest rates to peak in September. interest reach a higher peak, but the higher, I don’t. You know. Of course. “
He also said that, in his view, it is not impossible for the Fed to raise interest rates by another 75 basis points in December. But he also mentioned that the Fed has repeatedly drastically hiked interest rates to stifle inflation, and it’s appropriate to consider slowing the pace of interest rate hikes now.
The US employment report for October released on Friday showed that US non-farm payrolls rose 261,000 in October, beating expectations for a 200,000 increase.
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(edited by: Chen Han)
