Fed's Kashkari (2026 voter) says he is concerned about inflation, especially in services; seeing some signs of life in the labour market

Inflation move up not just about oil and the Middle East.
See rates on hold in 2027.
Appropriate time to reset the Fed statement.
Has one rate hike pencilled in for 2026.
Going to have to see how no forward guidance works.
Fed may need to raise rates amid broad inflation.
Not seeing the all-clear sign in the Middle East.
The labour market is not causing inflation right now. Inflation is being driven by supply issues, including the AI-buildout.
AI probably pushing up market interest rates.
Still bullish on labour prospects, despite AI.