Neel Kashkari, the President of the Minneapolis Federal Reserve, said it was a “reasonable prediction” that a single interest rate cut could take place by the end of 2024. What Happened: Kashkari, speaking on CBS’ “Face the Nation” program, stated that it is a “reasonable prediction” that the U.S. central bank will reduce interest rates once this year, with the most likely timing being December, reported Reuters on Sunday. He emphasized the need for more evidence to ensure that inflation is on a downward trajectory toward the 2% target. The Fed has maintained its benchmark policy rate in the 5…
