Fed's Kashkari weighs in on June rate decision.

Minneapolis Federal Reserve President Neel Kashkari has said he is open to holding off on another interest rate hike next month, but cautioned against reading too much into a pause. Kashkari reiterated the central bank's commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated. Markets currently are putting about an 83% probability that the rate-setting Federal Open Market Committee holds off on what would be an 11th consecutive increase when it convenes June 13-14.