Kashkari Signals Potential December Rate Cut as Inflation Shows Signs of Easing

Minneapolis Fed President emphasizes need for more data before confirming rate reduction by year-end.

Kashkari considers a December rate cut a 'reasonable prediction' if inflation continues to decline.
The Fed's benchmark policy rate remains at 5.25%-5.50% to counter inflation.
Despite aggressive rate hikes, the U.S. job market has shown unexpected resilience.
Kashkari highlights the importance of achieving the 2% inflation target before easing rates.
Goldman Sachs forecasts two rate cuts in 2024, starting in September.