Minneapolis Fed’s Kashkari indicates interest rates don’t need to be cut much more

Key Points

Minneapolis Fed President Neel Kashkari told CNBC on Monday that he thinks the central bank is close to the point where it should stop lowering interest rates.
“My guess is we’re pretty close to neutral right now,” Kashkari said.
Calibrating neutral is critical for Fed policymakers as they decide whether to continue the streak of three consecutive rate cuts implemented in the latter part of 2026.

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Finance

Traders believe inflation could near 5% this year

May 12, 2026

Key Points Traders on Kalshi think inflation will likely rise above 4.5% in 2026. A smaller number believe price increases will breach 5%. Those levels are higher than economists’ forecasts, which see inflation peaking at an average of 3.8% in the second quarter. Source

Finance

Greenlight’s David Einhorn pitches five turnaround stocks at Sohn, from AI to infrastructure

May 12, 2026

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Finance

Stocks making the biggest moves midday: Wendy’s, Vestis, Cleanspark, Under Armour & more

May 12, 2026

Check out the companies making the biggest moves midday: Vestis – The uniform and apparel maker surged more than 30% after its fiscal second-quarter results beat expectations. Vestis also raised its fiscal 2026 EBITDA outlook. Zebra Technologies – The automation stock popped 17% on better-than-expected Q1 results. Zebra earned $4.75 per share, excluding certain items, […]