The headline numbers from the October consumer price report show that "inflation is headed in the right direction," Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday. Speaking in an interview with Bloomberg Television,

Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that he is confident inflation is headed down, noting that data released minutes earlier 'confirms' that downward path.

Federal Reserve Bank of Minneapolis President Neel Kashkari said he’ll be looking at incoming inflation data to determine whether another interest-rate cut is appropriate at the US central bank’s December meeting.

U.S. inflation witnessed an uptick in October but still remained in line with Wall Street estimates. According to the Bureau of Labor Statistics, the consumer price index (CPI) increased 0.2% on a seasonally adjusted basis in October,

Federal Reserve Bank of Minneapolis President Neel Kashkari says inflation is heading in the right direction. But he says it's too soon to say if the Fed will continue on its rate cutting cycle. He also talks about housing,