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WSJ ECONOMY AI Boom Keeps Asian Factory Activity Humming Despite Cost Pressures Bullish · FOX NEWS US 1 missing, 4 rushed to hospital after helicopter crashes off Southern California island Bearish · MOTOR1 Vauxhall Is The Latest Car Brand To Simplify Its Logo Neutral · THE GUARDIAN WORLD NEWS Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax Neutral · BBC US Watch: The many questions raised by the failed execution of Christa Pike Bearish · COINTELEGRAPH Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule Bearish · CONSTRUCTION NEWS UK Three bidders shortlisted for £5.7bn Thames Water reservoir Bullish · BBC BUSINESS Fuel prices leave people asking 'what can we do?' Neutral · BBC BUSINESS 'We're still cold paying £300 a month energy bills' Neutral · THE GUARDIAN WORLD NEWS Healey urged to offer energy support in budget as bills rise 4% Bullish · WIRED Mountain Hardwear Coupon Code 15% Off October Neutral · CBS NEWS Helicopter crashes off Catalina Island coast, rescue efforts underway Bearish · CNBC TOP STORIES UK Prime Minister Burnham says Iran 'played a part' in British air base incident Neutral · COINTELEGRAPH Crypto hacks top $768M in September, worst month of 2026 Bearish · BUSINESS INSIDER I was lonely and working 15-hour days in the US. Moving to the Philippines gave me a comm… Neutral · BBC BUSINESS AI boom could trigger market shocks, Bank of England boss warns Bullish · THE GUARDIAN US NEWS Steve Hilton, Xavier Becerra clash in testy California governor’s race debate Bearish · ENR GAO Report Finds Lengthy Review Process for Hazard Mitigation Efforts Across US Neutral · THE GUARDIAN WORLD NEWS ‘Explosion of melt rates’: 20% of Swiss glaciers lost in five years Bearish · THE GUARDIAN WORLD NEWS Kyiv Independent editor: ‘Our readers want Russia to suffer but we can’t be propagandists’ Bullish · WSJ ECONOMY AI Boom Keeps Asian Factory Activity Humming Despite Cost Pressures Bullish · FOX NEWS US 1 missing, 4 rushed to hospital after helicopter crashes off Southern California island Bearish · MOTOR1 Vauxhall Is The Latest Car Brand To Simplify Its Logo Neutral · THE GUARDIAN WORLD NEWS Billions of dollars, none of it taxed: ATO reveals the tech giants paying zero income tax Neutral · BBC US Watch: The many questions raised by the failed execution of Christa Pike Bearish · COINTELEGRAPH Bitcoin think tank questions MSCI’s ‘invisible committee’ over Strategy, Metaplanet rule Bearish · CONSTRUCTION NEWS UK Three bidders shortlisted for £5.7bn Thames Water reservoir Bullish · BBC BUSINESS Fuel prices leave people asking 'what can we do?' Neutral · BBC BUSINESS 'We're still cold paying £300 a month energy bills' Neutral · THE GUARDIAN WORLD NEWS Healey urged to offer energy support in budget as bills rise 4% Bullish · WIRED Mountain Hardwear Coupon Code 15% Off October Neutral · CBS NEWS Helicopter crashes off Catalina Island coast, rescue efforts underway Bearish · CNBC TOP STORIES UK Prime Minister Burnham says Iran 'played a part' in British air base incident Neutral · COINTELEGRAPH Crypto hacks top $768M in September, worst month of 2026 Bearish · BUSINESS INSIDER I was lonely and working 15-hour days in the US. Moving to the Philippines gave me a comm… Neutral · BBC BUSINESS AI boom could trigger market shocks, Bank of England boss warns Bullish · THE GUARDIAN US NEWS Steve Hilton, Xavier Becerra clash in testy California governor’s race debate Bearish · ENR GAO Report Finds Lengthy Review Process for Hazard Mitigation Efforts Across US Neutral · THE GUARDIAN WORLD NEWS ‘Explosion of melt rates’: 20% of Swiss glaciers lost in five years Bearish · THE GUARDIAN WORLD NEWS Kyiv Independent editor: ‘Our readers want Russia to suffer but we can’t be propagandists’ Bullish ·
Story 01 Thu, Oct 1 · 3:00 AM
STORY 01 Optimistic

Kashkari Holds Hawkish Line Despite Softer PCE Data

Optimistic kashkariinflationfed
Briefing
What's Happening
Minneapolis Fed President Neel Kashkari rejected the dovish narrative around softer-than-expected PCE inflation data, insisting inflation remains "still too high" and that recent GDP revisions signal underlying economic strength. His stance contradicts market expectations for rate cuts and signals the Fed's reluctance to pivot despite moderating headline inflation.
Market Impact
Kashkari's comments pressured equities as traders repriced rate-cut odds downward; the S&P 500 fell Wednesday as the market digested both the inflation data and the Fed's hawkish interpretation. Consumer spending data showing Americans dipping into savings to fuel August purchases reinforces the Fed's concern that demand remains too robust to justify easing.
Broader Implications
The Fed's messaging remains in tension with market pricing. If Kashkari and peers maintain this stance through year-end, terminal rates may hold higher for longer, pressuring both equities and fixed income despite economic slowdown signals.
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