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Minneapolis Fed's Kashkari now expects one rate hike this year due to inflation and Middle East tensions.

Market News
26 Jun 2026
CNBC
View Source
Neutral
pluang ai news

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has revised his outlook and now anticipates one interest rate increase by the end of 2026. This shift comes amid rising inflation, with the Fed's preferred inflation measure hitting 4.1%, the highest since April 2023, driven partly by energy price surges linked to ongoing Middle East conflicts. Kashkari expressed skepticism about a quick resolution in the region, citing recent ceasefire violations by Iran, which contributes to his cautious stance. Other Fed officials have mixed views, with some expecting inflation to ease and others remaining concerned, indicating uncertainty about future rate moves.

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Kyivstar and Ukraine's Ministry sign MOU to build sovereign AI data center boosting digital economy.

Kyivstar and Ukraine's Ministry sign MOU to build sovereign AI data center boosting digital economy.

Kyivstar, part of VEON Group, signed a Memorandum of Understanding with Ukraine's Ministry of Economy to develop a sovereign AI-ready data center. This initiative aims to enhance Ukraine's digital infrastructure, secure sensitive data within the coun...

Market News
Bullish
26 minutes ago
Peec AI forms expert team to decode how AI tools like ChatGPT recommend brands and boost visibility.

Peec AI forms expert team to decode how AI tools like ChatGPT recommend brands and boost visibility.

Peec AI has assembled a team of SEO experts and AI researchers to understand how AI platforms like ChatGPT, Perplexity, and Google's AI Mode select and recommend brands. This team uses reverse-engineering and experimental analysis to decode the opaqu...

Others
Neutral
2 hours ago
Global LIMS market to reach $5.19B by 2030, driven by automation, cloud adoption, and AI integration.

Global LIMS market to reach $5.19B by 2030, driven by automation, cloud adoption, and AI integration.

The global Laboratory Information Management Systems (LIMS) market is projected to grow from $2.88 billion in 2025 to $5.19 billion by 2030, at a CAGR of 12.5%. Growth is fueled by rising demand for laboratory automation, regulatory compliance, and d...

Market News
Bullish
2 hours ago
Global protein ingredients market to hit $121.53B by 2031, driven by demand for functional and high-protein foods.

Global protein ingredients market to hit $121.53B by 2031, driven by demand for functional and high-protein foods.

The global protein ingredients market is projected to grow from $83.14 billion in 2026 to $121.53 billion by 2031, at a CAGR of 7.9%. Growth is fueled by rising consumer demand for functional and high-protein foods, increased awareness of protein's h...

Market News
Bullish
3 hours ago
Cate & Chloe offers 18k gold-plated crystal earrings at $16.99 in Walmart's Summer Deals Event.

Cate & Chloe offers 18k gold-plated crystal earrings at $16.99 in Walmart's Summer Deals Event.

Cate & Chloe is participating in Walmart's Summer Deals Event from June 22 to June 28, offering its Eden 18k White Gold Plated Crystal Stud Earrings at a discounted price of $16.99, down from $77. This sale highlights the brand's focus on affordable ...

Market News
Bullish
3 hours ago
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