- Minneapolis Fed President Neel Kashkari advocated for holding interest rates steady during the May 2026 policy discussions due to persistent price pressures
- April 2026 Consumer Price Index data showed inflation accelerating to 3.8 percent year over year while core inflation rose to 2.8 percent
- Market expectations for a June rate cut have plummeted to near zero percent following hotter than expected wholesale inflation reports
- Major stock indices including the Nasdaq and Dow Jones fell sharply as traders priced in a 39 percent probability of a future rate hike
- Geopolitical tensions and rising energy costs from the ongoing conflict with Iran were cited as primary drivers for the sticky inflation levels
Fed official Neel Kashkari warns inflation remains too high as markets react to hot data
May 13, 2026, 5:30:59 PM UTC(3 hours ago)
Impact: Medium
Affected Assets
Sources
From:@DeItaone
FED'S KASHKARI: INFLATION TOO HIGH
