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Fed’s Neel Kashkari expects only two or three interest rate cuts this year

Fed’s Neel Kashkari expects only two or three interest rate cuts this year

Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, May 22, 2023.Mike Segar | ReutersMinneapolis Federal Reserve President Neel Kashkari said Wednesday he expects the central bank to cut rates only a few times this year, contrary to market expectations.”Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” he said during a CNBC “Squawk Box” interview. “But again, I don’t want to prejudge things, but that’s, that’s my gut, based on the data we have so… 

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