Fed's Barkin: Inflation may get stuck above Fed target

Source Fxstreet

Federal Reserve (Fed) Bank of Richmond President Tom Barkin noted early during the US market session on Tuesday that while inflation appears to be coming down, it might still get stuck above the Fed's target levels.

Key highlights

The Federal Reserve is in a position to respond appropriately regardless of how the economy evolves.

The Fed's focus may turn to upside inflation risks or to downside employment risks, depending on how economy develops.

From here, the labor market might be fine or might continue to weaken.

Inflation might be coming under control, or might risk getting stuck above the Fed's 2% target.

The US economy looks pretty good and the labor market looks resilient.

The Fed has started the process of recalibrating interest rates to somewhat less restrictive levels.

 

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Dollar Index (DXY) treads water around 97.60 with all eyes on the FedThe US Dollar has opened the week on a moderate bearish tone.
Author  FXStreet
9 hours ago
The US Dollar has opened the week on a moderate bearish tone.
placeholder
Forex Today: Big central bank week begins in a calm mannerMajor currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
Author  FXStreet
10 hours ago
Major currency pairs trade in familiar ranges to start the week as investors gear up for key macroeconomic data releases and central bank meetings.
placeholder
WTI Oil approaches $63.00 following attacks on Russian plantsCrude Oil is posting minor gains on Monday, with price action approaching levels close to $63.00 after bouncing from lows of $61.50 on Friday.
Author  FXStreet
10 hours ago
Crude Oil is posting minor gains on Monday, with price action approaching levels close to $63.00 after bouncing from lows of $61.50 on Friday.
placeholder
BNB Keeps Surging! $1,000 Milestone Within ReachBinance Coin has gained over 6% in the past week, setting a new all-time high.
Author  TradingKey
10 hours ago
Binance Coin has gained over 6% in the past week, setting a new all-time high.
placeholder
EUR/GBP falls below 0.8650 on fears over France’s political crisisThe EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday.
Author  FXStreet
11 hours ago
The EUR/GBP cross attracts some sellers to near 0.8645 during the early European session on Monday.
goTop
quote