Latest news with #NeelKashkari
CNN
5 days ago
- Business
- CNN
Minneapolis Fed official reacts to report questioning US recession data accuracy
Minneapolis Fed official reacts to report questioning US recession data accuracy Some economists are questioning the accuracy of recent US inflation data amid federal staffing shortages impacting the Bureau of Labor Statistics. Federal Reserve Bank of Minneapolis President & CEO Neel Kashkari discusses how he's looking at other data sets beyond BLS with CNN's Erin Burnett. 01:55 - Source: CNN Vertical Trending Now 14 videos Minneapolis Fed official reacts to report questioning US recession data accuracy Some economists are questioning the accuracy of recent US inflation data amid federal staffing shortages impacting the Bureau of Labor Statistics. Federal Reserve Bank of Minneapolis President & CEO Neel Kashkari discusses how he's looking at other data sets beyond BLS with CNN's Erin Burnett. 01:55 - Source: CNN Cassie Ventura's friend testifies Diddy held her over a balcony Bryana Bongolan, a friend of Cassie Ventura who goes by Bana, testified today about an incident with Sean 'Diddy' Combs in 2016 when she said that she was 'held over a 17-story balcony' by the music mogul. CNN's Elizabeth Wagmeister reports. 01:48 - Source: CNN 'Good Night, and Good Luck's' scenic designer discusses how he created George Clooney's Broadway newsroom Scenic Designer Scott Pask recreated the CBS newsroom and Edward R. Murrow's set for "Good Night, and Good Luck," the play that brings the 1950s McCarthy-era drama to life. Pask tells CNN why architectural accuracy is important for a play that's about 'speaking truth to power.' Tune in to CNN on Saturday, June 7 at 7pm to watch the play broadcast live from Broadway's Winter Garden Theatre. 02:13 - Source: CNN Police shut down All-American Rejects backyard gig in college town The All-American Rejects played a backyard gig in Columbia, Missouri, as part of their House Party Tour protesting against expensive arena shows. Police eventually shut it down, but not before letting the band play one final song. 01:05 - Source: CNN Bringing 1950s style to Broadway Costume Designer Brenda Abbandandolo mixed vintage, thrifted clothing with precise recreations of 1950s style to bring the Broadway play Good Night, and Good Luck to life. She tells CNN how she approached dressing George Clooney and Ilana Glazer with historic authenticity. Tune in to CNN on Saturday, June 7 at 7pm to watch the play broadcast live from Broadway's Winter Garden Theatre. 01:53 - Source: CNN Trans high school athlete wins events amid controversy A transgender athlete, whose participation sparked a national controversy and a temporary rule change, took first place in two of her three events in the California High School Track and Field Championship. 01:09 - Source: CNN How fish skin saved this child's life Eliana DeVos received a dressing made with fish skin to help her recover from a serious bacterial infection that left an open wound on her neck. CNN's Jacqueline Howard spoke with Eliana's mom and her health team at Driscoll Children's Hospital about the healing process. 02:30 - Source: CNN Millions of bees buzz around Washington state roads after truck overturns Millions of bees escape after a truck carrying honeybee hives overturned in Whatcom County, Washington, and rolled into a ditch. Local beekeepers were called to the scene. 00:42 - Source: CNN Taylor Swift buys back her entire music catalogue Roughly six years after Taylor Swift protested the sale of her master recordings by her former record label, she now owns her entire catalog of music. Swift announced the news in a letter posted to her website. 01:28 - Source: CNN 108-year-old submarine wreck seen in new footage Researchers from the Woods Hole Oceanographic Institution captured close-up images of a WWI-era submarine lost at sea 108 years ago. 00:40 - Source: CNN Car flies off the road, crashes into a roof Video shows a car fly off the road and into a veterans hall in Missouri, police say as a result of speeding. This is the second time in three months a car crashed into the same building. The veterans hall will be closed for months for a second time after the latest crash, according to CNN affiliate KCTV. 00:38 - Source: CNN 'The Handmaid's Tale' star reacts to parting scene with June O-T Fagbenle reflects on wrapping "The Handmaid's Tale," Luke's evolution, and the emotional final scene with June as the series ends after six seasons. 02:04 - Source: CNN Elephant seal in Cape Town wanders into suburbia, stops traffic and wins the hearts of locals A Southern elephant seal makes a surprise visit to the residential neighborhood of Gordon's Bay in Cape Town, South Africa, and triggers an almost nine-hour rescue effort to return him to the coast. 00:57 - Source: CNN Why e.l.f. just bought Hailey Bieber's beauty brand for $1 billion e.l.f. Beauty is buying Hailey Bieber's makeup brand, Rhode, for $1 billion. Founded in 2022, Bieber's brand racked up $212 million in net sales in its last fiscal year. 01:11 - Source: CNN
Bloomberg
5 days ago
- Business
- Bloomberg
Kashkari Says Fed Well Positioned to Wait for Tariff Impact
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US central bank is well positioned to wait and see how tariff policies impact the economy before adjusting interest rates. 'The economy is seeming like it's pretty resilient so far, and so for me right now is the time to get data, see how the tariff negotiations shake out before we reach any firm conclusions about the direction of interest rates,' Kashkari said Wednesday in an interview on CNN.
New Straits Times
28-05-2025
- Business
- New Straits Times
Gold stages rebound as US dollar, Treasury yields slip
KUALA LUMPUR: Gold prices gained on Wednesday, helped by a slight retreat in the dollar and lower US bond yields as investors await a US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up 0.5 per cent at US$3,314.19 an ounce, as of 0040 GMT, after dropping more than 1 per cent on Tuesday. US gold futures rose 0.4 per cent to US$3,313.20. The dollar index fell 0.1 per cent after a sharp rise in the previous session, making greenback-priced gold more attractive for other currency holders. US Treasury yields declined as concerns over rising global government debt supply, which lifted bond yields last week, were partly eased by expectations that Japan could issue less longer-dated debt. On Sunday, US President Donald Trump rolled back his threat to impose 50 per cent tariffs on imports from the EU next month, restoring a July 9 deadline to allow for talks. This boosted risk sentiment in the wider financial markets. Data showed on Tuesday that US consumer confidence snapped five straight months of declines and improved in May amid a truce in the trade war between Washington and Beijing. Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation. Investors now look forward to US PCE for April, the Fed's preferred inflation measure, on Friday. Gold imports to Switzerland from the US jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from US import tariffs, Swiss customs data showed on Tuesday. Spot silver eased 0.1 per cent to US$33.27 an ounce, platinum was up 0.6 per cent at US$1,085.97 and palladium edged 0.1 per cent lower to US$977.09.
Business Times
28-05-2025
- Business
- Business Times
Gold stages rebound as US dollar, Treasury yields slip
[BENGALURU] Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields as investors await a US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up 0.5 per cent at US$3,314.19 an ounce, as at 0040 GMT, after dropping more than 1 per cent on Tuesday. US gold futures rose 0.4 per cent to US$3,313.20. The US dollar index fell 0.1 per cent after a sharp rise in the previous session, making greenback-priced gold more attractive for other currency holders. US Treasury yields declined as concerns over rising global government debt supply, which lifted bond yields last week, were partly eased by expectations that Japan could issue less longer-dated debt. On Sunday, US President Donald Trump rolled back his threat to impose 50 per cent tariffs on imports from the EU next month, restoring a Jul 9 deadline to allow for talks. This boosted risk sentiment in the wider financial markets. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Data showed on Tuesday that US consumer confidence snapped five straight months of declines and improved in May amid a truce in the trade war between Washington and Beijing. Federal Reserve Bank of Minneapolis President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation. Investors now look forward to US PCE for April, the Fed's preferred inflation measure, on Friday. Gold imports to Switzerland from the US jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from US import tariffs, Swiss customs data showed on Tuesday. Spot silver eased 0.1 per cent to US$33.27 an ounce, platinum was up 0.6 per cent at US$1,085.97 and palladium edged 0.1 per cent lower to US$977.09. REUTERS
Bloomberg
27-05-2025
- Business
- Bloomberg
Kashkari Favors Maintaining Fed Rates Until More Tariff Clarity
Federal Reserve Bank of Minneapolis President Neel Kashkari doubled down on his case for caution amid uncertainty caused by the trade war and the 'paramount' need to defend inflation expectations. Speaking at a Bank of Japan event in Tokyo on Tuesday, he said there was a 'healthy debate' among policymakers about whether to look through the inflation effect of US President Donald Trump's tariffs as a transitory shock, or view it as a longer-lasting condition.
