Suitable to debate the possible rate cut in September

Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari told the Wall Street Journal on Monday that a debate about a potential rate cut in September is appropriate, before Reuters.

“The balance of risks has shifted more towards the labor market and away from the inflation side of our dual mandate,” Kashkari added, noting that inflation is making progress while the labor market is showing some worrying signs.

Market reaction

These comments do not appear to have a significant impact on the valuation of the US dollar (USD). At press time, the USD index was down 0.15% on the day at 102.25.