Minneapolis Fed’s Neel Kashkari cools on third rate cut this year

Minneapolis Fed leader Neel Kashkari has cast doubt on his earlier prediction the Federal Reserve Bank will cut interest rates for the third time this year. Kashkari posited that potential third cut in a September essay, shortly after the Federal Open Market Committee (FOMC) made a quarter-point snip, its first since December 2024. But on Monday evening...