Kashkari: Does not support last month's rate cut, takes a wait-and-see attitude towards the December decision

According to Jinshi reports, Minneapolis Fed President Kashkari stated that he does not support the Fed's last rate cut decision, but remains cautious about the best course of action for the December meeting. He pointed out that the fundamental resilience of economic activity is stronger than expected and believes the Fed should pause rate cuts at the October meeting. Regarding the upcoming December rate decision, he mentioned that he could provide reasons for either a rate cut or keeping it unchanged based on the data.