Make a note don’t invite a hawkish Fed official to a party. The S&P 500 was cruising along the whole day, possibly on its way to another all-time high before multiple headlines broke and US markets erased all earlier gains and then some. While there were a half of dozen Fed speakers today, Kashkari comments stole headlines by casting doubt on rate cuts for 2024. Despite “jotting down two rate cuts this year” in his March dot plot, he stated that the current sticky inflation data “would make me…
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