2024-05-07 13:45:00
Investing.com – Sideways inflation raises questions about how tight monetary policy should be, Minneapolis Federal Reserve President Neel Kashkari said in an article published Tuesday.
“I am very pleased that the labor market has demonstrated resilience, but with inflation moving sideways in the fourth quarter, this raises questions about how restrictive the policy really is,” the president wrote. Minneapolis Fed.
Kashkari explained that the decline in inflationary pressures we witnessed in the second half of 2023 has stopped; “The question is whether disinflation is still underway or whether it will take longer. »
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Market reaction
These statements squandered the gains Dollar Index According to the American Daily, at the time of writing, the index stood at 104,950 points.
Even though global gold prices have pared their losses, they are falling Gold Futures 0.13% to $2,328 per ounce.
and collapse Spot contracts for gold By about 0.18% to $2,319 per ounce.
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