In a CNBC interview, Minneapolis Fed President Neel Kashkari pushed back against reading Wednesday’s softer PCE report as a meaningful shift in the inflation outlook, saying “inflation is still too high.” Core PCE inflation came in at 3.0% y/y, below expectations, but Kashkari stressed that inflation has remained around 3% and above the Fed’s target […]The post Fed’s Kashkari Says Softer PCE Does Not Change Inflation Story appeared first on ActionForex.