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Minneapolis Federal Reserve President Neel Kashkari now projects one interest-rate hike this year, pointing to doubts about the U.S.-Iran peace deal and the artificial intelligence buildup as the two factors that revised his view.
Kashkari characterized a rate hike as possible. Two Pressures Behind a Changed Call Kashkari named two distinct developments, not a single variable.
The first is the U.S.-Iran peace deal: Kashkari said doubts about that agreement factor into his revised rate outlook.
The second is the AI buildup, which Kashkari identified as a demand and infrastructure force relevant to where rates should go.
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