Fed’s Kashkari sees two cuts in 2024, potentially one

Kashkari said he expects his forecast to show the same number “or potentially one fewer” when Fed officials submit new projections at their mid-March meeting. — Bloomberg

WaShington: US Federal Reserve Bank of Minneapolis president Neel Kashkari said he expects the US Federal Reserve (Fed) to cut interest rates two times – or potentially just once – in 2024, but emphasised he hasn’t finalised his forecasts for the Fed’s upcoming meeting.

When policymakers last released rate forecasts in December, Kashkari said he projected two rate cuts for this year.