Fed's Barkin: Pace of rate hikes will depend on the pace of inflation By Frank_Macro Fed InterestRate Inflation
Federal Reserve Bank of Richmond President Thomas Barkin said that he would like the Fed to get better positioned, speaking in an interview with CNBC on Monday. How fast we go depends on how the economy develops, he added, saying also that the pace of rate hikes will depend on the pace of inflation. I'd like us to be closer to neutral than we are now, he said, before reiterating that he expects goods prices to ease.
Moving on to discuss the labour market, he said what he is really watching is labour wage pressure and that we are at "interim" full employment, but there is still some upside ahead. Barkin added that he is expecting a strong job market to continue into the spring and summer. Moving on to the economy, there is no question we saw a demand issue in January, he added, but he has his fingers crossed for a stronger spring.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fed: Seven rate hikes on the cards this year – BofABank of America (BofA) Chief Economist Ethan Harris remains overtly hawkish on the Fed’s outlook, expecting seven rate hikes this year. Key quotes 'We
Baca lebih lajut »
Goldman Sachs Warns Bitcoin Increasingly Vulnerable to Fed Rate Hikes as Mainstream Adoption Grows – Bitcoin News“Bitcoin and other digital assets … will not be immune to macroeconomic forces, including central bank monetary tightening,” said Goldman Sachs. crypto cryptocurrency $BTC
Baca lebih lajut »
Fed's Bostic: Fed is not fixed on a set policy progressionAtlanta Federal Reserve (Fed) President Raphael Bostic said that the Fed is not fixed on a set policy progression. He is at three rate hikes for 2022
Baca lebih lajut »
Biden's Fed nominee Raskin opposed by 24 state financial officers over 'radical' economic viewsSarah Bloom Raskin, nominated by President Biden earlier this month for the Fed's top regulatory job, is facing pushback from 24 state financial officers, who have sounded the alarm over her 'radical' economic views.
Baca lebih lajut »
Fed Nominee Has Focused His Research on Monetary Policy and PovertyPhilip Jefferson, who is one of President Biden’s picks for the Federal Reserve, is described as a consensus-oriented, largely apolitical economist with deep knowledge of monetary policy.
Baca lebih lajut »
Wharton's Jeremy Siegel: I'm positioned toward value stocks and prepared for aggressive FedJeremy Siegel, professor of finance at University of Pennsylvania's Wharton School of Business, joins CNBC's 'Squawk Box' to discuss the Federal Reserve and markets ahead of the open on Monday.
Baca lebih lajut »