Fed Officials Signal No Rush for Rate Cuts Amid Persistent Inflation

Neel Kashkari emphasizes the need for sustained positive inflation data before considering interest rate reductions.

Kashkari and other Fed officials stress the importance of waiting for consistent inflation improvement.
Despite strong economic indicators, inflation remains above the Fed's 2% target.
The housing market's resilience and high demand continue to complicate inflation control efforts.
Some analysts predict only one rate cut this year, while others foresee none.
Persistent inflation pressures are partly attributed to post-pandemic economic factors.