Fed's Kashkari: More rate hikes ahead, and possible recession

The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Neel Kashkari on Wednesday.  “I was certainly happier to see a surprise to the downside,” Kashkari said.  But the Fed is “far, far away from declaring victory,”...