Policy
Kashkari Says Inflation Is Still Too High and Pencils In One More Rate Increase This Year
The Minneapolis Fed president held a hawkish line even after core PCE cooled to 3.0%, as markets trimmed October hike odds to roughly 40%.
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By Marcus Elrod
Oct 3, 2026 · 2 min read
Minneapolis Federal Reserve President Neel Kashkari said on Sept. 30 that inflation remains too high and that the central bank must work to lower inflationary pressures, and he indicated he has penciled in one more interest-rate increase this year.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.