{"id":28836,"date":"2025-09-21T07:36:13","date_gmt":"2025-09-21T07:36:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/28836\/"},"modified":"2025-09-21T07:36:13","modified_gmt":"2025-09-21T07:36:13","slug":"minneapolis-feds-neel-kashkari-proposes-two-more-rate-cuts-this-year","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/28836\/","title":{"rendered":"Minneapolis Fed\u2019s Neel Kashkari proposes two more rate cuts this year"},"content":{"rendered":"<p class=\"rt-Text\">Meanwhile, the stock market is booming, a sign of confidence in the direction of the economy. But the stock market is not indicative of the economy of the whole, Kashkari pointed out, as growth has come largely from less labor-intensive industries, like data centers.<\/p>\n<p class=\"rt-Text\">\u201cTechnology is driving rapid growth of industries that don\u2019t require as much labor, resulting in a booming stock market and sluggish hiring environment,\u201d he wrote. <\/p>\n<p class=\"rt-Text\">The Fed\u2019s benchmark interest rate affects credit cards, car loans and other lines of credit, and is one of several factors that influence mortgage rates. Kashkari wrote the housing market \u201cmight not actually experience much relief from rate cuts.\u201d<\/p>\n<p class=\"rt-Text\">\u201cA second risk to long-run inflation expectations is one of some political development that damages Fed independence and reduces confidence that the [Federal Open Market Committee] will set rates appropriately,\u201d he wrote. \u201cWhile a serious potential issue, managing it is outside of the control of the FOMC.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Meanwhile, the stock market is booming, a sign of confidence in the direction of the economy. But the&hellip;\n","protected":false},"author":2,"featured_media":28837,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-28836","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/28836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=28836"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/28836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/28837"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=28836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=28836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=28836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}