Minneapolis Fed President Neel Kashkari said yesterday that he takes “comfort” from the US yield curve now. And, “the fact that the yield curve is now uninverted gives me some indication that we have taken the brakes off the economy”.
The US economic outlook is “somewhat mixed”, he added. “But a little bit more optimistic than maybe it was a couple months ago/”
Meanwhile, Kashari said that most US central banks view the current federal funds rate target of 1.50-1.75% as “modestly accommodative”.
