finance
Minneapolis Fed President Projects One Rate Increase This Year
Federal Reserve Bank of Minneapolis President Neel Kashkari said persistent inflation signals prompted him to include one interest-rate increase in the central bank's June economic projections.
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Federal Reserve Bank of Minneapolis President Neel Kashkari said signs of widespread inflation led him to include one interest-rate increase in the central bank's economic projections released earlier this month. Kashkari cited broad price pressures across sectors as the basis for his updated outlook.
The projections form part of the Federal Reserve's regular assessment of economic conditions and policy paths.
The statement provides one data point in ongoing discussions about the timing and scale of any policy adjustments this year.
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