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Fed's Kashkari open to October rate hike, warns of more if economy stays strong
Federal Reserve's Neel Kashkari stated he has "no strong view" on an October rate hike and remains open-minded on the pace of tightening. His September projections indicated one more hike in 2026 and another in 2027. Kashkari warned the Fed might need to raise rates further if the economy's strength persists, even as inflation expectations remain anchored near 2%.
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