Fed’s Kashkari: 2% inflation target should not be changed
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Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis is crossing the wires with the following key comments:
More to come…
Meanwhile, the US Dollar index on Tuesday rose by +0.49% but there was some US Dollar weakness that was by sparked short covering in the Euro ahead of today´s key US event in the Consumer Price Index. Consumer price data on Wednesday is expected to show headline inflation rose by 0.2% in March, while core inflation rose 0.4%. The Federal Reserve is seen as likely to hike rates by an additional 25 basis points at its May 2-3 meeting, before pausing in June.
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